Gov't Hits Brakes On Inter-Airport Rail Line Over CP Demands

By Teeranai Charuvastra, Staff Reporter

 

Station concept art for the proposed rail line to connect three airports. Image: Office of the Eastern Economic Corridor

 

BANGKOK — A project to connect three international airports by high-speed rail was suspended after the conglomerate backing the project changed its terms.

 

The official who helped oversee the project, which would link Bangkok’s two airports with one on the eastern seaboard, said Charoen Pokphand Group, or CP, unexpectedly demanded doubling its operating concession from 50 to 99 years.

 

Full story: http://www.khaosodenglish.com/news/business/2019/02/12/govt-hits-brakes-on-inter-airport-rail-line-over-cp-demands/

 

-- © Copyright Khaosod English 2019-02-12

Typical - take the concession away from CP and award it to the next in line - simple !

What are chicken people doing building rail lines in the first place.

regards worgeordie

Well I'm shocked, stunned and not even slightly amused.

CP probably wanting something in return for helping broker Friday’s deal...they are the ones in control after all

38 minutes ago, worgeordie said:

What are chicken people doing building rail lines in the first place.

regards worgeordie

 

I was going to say, that certainly appears to be a chicken-sh** move on CP's part....

 

CP, by the way, basically means Dhanin Chearavanont et al, the richest billionaire in Asia... So they've got their fingers in a lot more than frozen chicken legs....

 

10 minutes ago, TallGuyJohninBKK said:

 

I was going to say, that certainly appears to be a chicken-sh** move on CP's part....

 

CP, by the way, basically means Dhanin Chearavanont et al, the richest billionaire in Asia... So they've got their fingers in a lot more than frozen chicken legs....

 

Fingers in frozen chicken legs?

Does that relate to the old question  Should chicken be eaten with fingers?

1 minute ago, overherebc said:

Fingers in frozen chicken legs?

Does that relate to the old question  Should chicken be eaten with fingers?

 

I think it has more to do with Dhanin's various corporate entities including everything from CP's food and grocery businesses, the 7/11 empire, real estate development, True and Truevisions cable TV, and on and on....

2 minutes ago, TallGuyJohninBKK said:

 

I think it has more to do with Dhanin's various corporate entities including everything from CP's food and grocery businesses, the 7/11 empire, real estate development, True and Truevisions cable TV, and on and on....

Well my post was really not serious but thanks for the answer.

CP is a monster...might as well just rename it Omni-Corp.

More time = More shekels pouring into the coffers.

1 hour ago, TallGuyJohninBKK said:

 

I was going to say, that certainly appears to be a chicken-sh** move on CP's part....

 

CP, by the way, basically means Dhanin Chearavanont et al, the richest billionaire in Asia... So they've got their fingers in a lot more than frozen chicken legs....

 

Don't think he is even in the top 10.

https://wealthygorilla.com/richest-people-asia/

The Asia's richest families has him at #4

https://www.forbes.com/asia-families/list/#tab:overall

There'd be a 7/11 at every station. So CP has got that going for then I suppose. 

9 minutes ago, Emmess said:

Don't think he is even in the top 10.

https://wealthygorilla.com/richest-people-asia/

 

The normal default source for such things is Forbes magazine and website:

 

https://www.forbes.com/thailand-billionaires/list/

 

Quote

Thailand's 50 Richest

• The List  (2018 ranking)

 

#1

Brothers Chearavanont

$30 billion

-

food

 

Edited February 12, 20197 yr by TallGuyJohninBKK

8 minutes ago, Emmess said:

The Asia's richest families has him at #4

https://www.forbes.com/asia-families/list/#tab:overall

 

Thanks!

 

I should have said, the richest in Thailand, and one of the richest in Asia!

1 hour ago, TallGuyJohninBKK said:

Dhanin Chearavanont et al, the richest billionaire in Asia...

Thought you were talking about "ASIA" mate...

the ping an insurance deal with the chinese state has also helped, this taken from 6 years ago cnbc;

 

 

"CP Group, whose products include feed for chickens and pigs, has a long history in China. 

Chearavanont - worth $9 billion according to Forbes magazine - also appears to have strong political connections in Beijing. State-run China Development Bank is helping to finance CP Group's Ping An stake acquisition, according to HSBC"

https://www.cnbc.com/id/100277689

looks like another chinese state rail contract like the 20 billion dollar malaysia contract. China loves to control over inflated debts through rail and infrastructure

Edited February 12, 20197 yr by humbug

Government should sue them for billions of baht, and award the contract to next candidate. Show CP who is control here.

2 hours ago, canopus1969 said:

Typical - take the concession away from CP and award it to the next in line - simple !

No ... No ... Mrs J holds a pile of their shares .... great company ... does a lot for Thailsnd ... their chicken breastsbare ok too ..

1 hour ago, overherebc said:

Fingers in frozen chicken legs?

Does that relate to the old question  Should chicken be eaten with fingers?

only if it's served as "finger food".

2 hours ago, worgeordie said:

What are chicken people doing building rail lines in the first place.

regards worgeordie

Good question - easy answer greed.

 

 

33 minutes ago, djayz said:

only if it's served as "finger food".

Real answer is

No, the fingers should be eaten as a 2nd course. ????

Who's got the power?

the government has article 44

CP has article 7/11

guess what...

What are chicken people doing building rail lines in the first place.
regards worgeordie

It's a 'chicken run'

Sent from my mobile telegraph station in morse code using Thailand Forum - Thaivisa mobile app

17 hours ago, canopus1969 said:

Typical - take the concession away from CP and award it to the next in line - simple !

But, but, but - don't you know who Mr. CP is? Which is most likely the reason for wanting to alter the terms agreed.....

 

(However, I agree entirely with what you are saying).

17 hours ago, worgeordie said:

What are chicken people doing building rail lines in the first place.

regards worgeordie

Building a 'chicken run'?

17 hours ago, canopus1969 said:

Typical - take the concession away from CP and award it to the next in line - simple !

Not so simple when

• State-owned China Railway Construction Co ( https://asia.nikkei.com/Companies/China-Railway-Construction-Corp.-Ltd ) joined CP Group consortium together with Italian-Thai Development and CH-Karnchang along with subway line operator Bangkok Expressway and Metro.
• Highly qualified Japan's Hitachi, French state-owned railway operator SNCF and Germany's Siemens did not bid (maybe because of laws against bribes and collusion?). 

https://asia.nikkei.com/Business/Business-Deals/China-Railway-joins-CP-Group-to-bid-for-Thai-high-speed-rail

The tail is definitely wagging the dog. Can you imagine a company in the West dictating to the people who it is bidding for a contract to how it will run things (Edit: Whoops, I forgot 'Lobbyists' in the US! ????).

 

The likes of CP really need their monopolies broken up as they stifle competition.

Edited February 13, 20197 yr by Psimbo

18 hours ago, canopus1969 said:

Typical - take the concession away from CP and award it to the next in line - simple !

CP Company the No: 1 Monopol company in Thailand !!!