China closed deal on Rama III highway project

[snoop1130]

China closed deal on Rama III highway project

By The Nation

 

Prespective of Rama III highway

 

Expressway Authority of Thailand (EXAT) prepare to announce Rama III highway auction result after approved 3 Chinese co-operated firms to join in this auction. They claimed that if the Chinese firms violate term of reference (TOR) will be sued. The deal will closed within this September.

 

Nontajit Bangsomboon, Acting deputy director management of expressway authority of Thailand, reveal that auction broad has examined qualification and works of the winner of the Rama III - Daokanong highway project bidding. After all the data verified, the result will be announce next week.

 

“Our committee has finished examining the winner of bidding on both qualification and previous works. we will hear some good news soon official statement on next week. this topic will not discuss further in the board meeting because the board approved since the last meeting. However, we still open for a person who disagree with the result to appeal to the court within 7 day after official statement.  ”

 

Source from Expressway Authority of Thailand insider said that EXAT finished the bidding winner’s qualification on 4 deals and approved that all the works and accomplishment passed TOR requirement and the Government Procurement and Supplies Management Act (2017).

 

EXAT committee was concerned of prosecution process if the bidding firm violate the deal agreement as the bidding winner is china state enterprise. After investigation, the winner of bidding who hold 3 deals agreement has to discard diplomatic privileges and state enterprise statue then follow TOR regulation. If the china violate the agreement, they have to face Thai court.

 

After official statement of the bidding winner announced, individual who disagree with result can appeal to the court within 7 days after the statement. EXAT will answer all the question first. For further process by submitting to the committee for examination, it will take 2 months. The final bidding winner will announce again around September.

 

The winners of the bidding on first deal are including China State Construction Engineering Co., Ltd., Nawarat Patanakarn Public Company Limited, and AS Associated engineering (1964) Co., Ltd.; minimum bidding at 5.8 billion.

 

The winners of the bidding on second deal are including China Harbour Engineering Company Limited, Tipakorn Co., Ltd. ,and Burirum Thongchai Contruction Co., ; minimum bidding at 6.4 billion.

 

The winners of the bidding on third deal are including China Railway 11th Bureau Group Corporation,Civil engineering Co., Ltd., and Boonchai Panich (1979) Co., Ltd.bidding at 6 billion.

 

The winners of the bidding on forth deal is Ch.Karnchang public Co., Ltd. bidding at 6.6 billion.

 

Source: https://www.nationthailand.com/news/30373129

 

-- © Copyright The Nation Thailand  2019-07-17

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[mike787]

Ah ok! Whatever! 

[lust]

China should not be in charge of any construction plans. If you go on liveleak, it’s plagued with thousands of videos showing shotty work and buildings collapsing/stuff falling, buildings built with the cheapest materials they can find. 

[CGW]

10 minutes ago, lust said:

China should not be in charge of any construction plans. If you go on liveleak, it’s plagued with thousands of videos showing shotty work and buildings collapsing/stuff falling, buildings built with the cheapest materials they can find. 

If you drive around China you will find the best road system in the world barring none! All built in the last 30 years or so, same with the subway and high speed train system.

[wisperone]

The crux of the matter is that China is more than likely financing this deal also.

[NCC1701A]

this is a unrealistic graphic. there are no cars driving the wrong way.

 

[Tradewind777]

Pay peanut, get monkey!

[Blackheart1916]

10 hours ago, CGW said:

If you drive around China you will find the best road system in the world barring none! All built in the last 30 years or so, same with the subway and high speed train system.

If you go to small Pacific nations where China have lent money and constructed infrastructure, you will find that it is of such a low standard as to be unusable, but has indebted these small countries to China for as long as China likes. Mission Accomplished. Wash, rinse, repeat.

[PatOngo]

11 hours ago, snoop1130 said:

China closed deal on Rama III highway project

Maybe they could ask Cambodia about Chinese building methods!

 

 

[VocalNeal]

Anyone know the route? It say Rama III - Daokhanog- Kanchanapisek. I don't think the existing expressways can handle much more traffic. All the junctions where sections join are already choked with traffic all day.  

[Andycoops]

12 hours ago, CGW said:

If you drive around China you will find the best road system in the world barring none! All built in the last 30 years or so, same with the subway and high speed train system.

Well they are not stupid enough to build crap roads in their own backyard when they can do it somewhere else for max profit.

[zyphodb]

12 hours ago, lust said:

China should not be in charge of any construction plans. If you go on liveleak, it’s plagued with thousands of videos showing shotty work and buildings collapsing/stuff falling, buildings built with the cheapest materials they can find. 

Sounds just like Thai building then...

[Isaan sailor]

Thailand continues to align itself with communist China.  And trade wars benefit Vietnam, Taiwan and South Korea—but not Thailand.  Sorry, Thailand, you chose the wrong partner...

[Burma Bill]

Last month - June 14 2019 at Heyuan in Guangdong Province, China. Bridge over the Dongiang River:-

 

[userabcd]

14 hours ago, lust said:

China should not be in charge of any construction plans. If you go on liveleak, it’s plagued with thousands of videos showing shotty work and buildings collapsing/stuff falling, buildings built with the cheapest materials they can find. 

Large international infrastructure projects are designed, specified and supervised by owners, employers, consulting engineers and contractors to international standards.

 

Believe it or not but several cases of building infrastructure problems also exist in the developed world.

[Darkside Gray]

4 minutes ago, userabcd said:

Nonsense.

 

Large international infrastructure projects are designed, specified and supervised by owners, employers, consulting engineers and contractors to international standards.

That maybe internationally, remember where you are! 

[Orton Rd]

17 minutes ago, Burma Bill said:

Last month - June 14 2019 at Heyuan in Guangdong Province, China. Bridge over the Dongiang River:-

 

Probably used fake concrete, if they can fake eggs and baby milk why not that as well?

[Johnnyngai]

Just like buying Chinese stuff in Amazon.com,  

sometimes you get good products at a low price,

sometimes you don't. 

When my life depends on it, I will not buy Chinese products.   

 

[shady86]

Just get the cheapest one so later money can be used for repairs. That is how things work here.

[Mavideol]

16 hours ago, snoop1130 said:

China closed deal on Rama III highway project

and I just read, on another post,  that Pompeo was coming to Thailand trying to undermine China's influence 555

[Srikcir]

15 hours ago, wisperone said:

The crux of the matter is that China is more than likely financing this deal also.

It's being financed by the Thailand Future Fund (TFFIF) that is essentially a publicly-traded debt instrument (so it's not government debt). In the case of a road infrastructure, the interest is paid out of the gross revenues collected from road tolls. Financial risk is born by the fund investors.

• The fund return rate of 4% is not a very high yield rate but when compared to other funds with higher levels of risks it is safer presuming higher tolls with greater traffic. But if it is compared to alternative funds offered in the stock market that expect higher returns in the first year, the TFFIF is a loser.  https://translate.google.com/translate?hl=en&sl=th&u=https://www.hoonsmart.com/archives/29291&prev=search

It appears that each road segment covered by separate deals might differ in the relationship between TFFI investors and the State. https://translate.google.com/translate?hl=en&sl=th&u=https://www.prachachat.net/finance/news-284491&prev=search

[natway09]

Not sure that it is a good idea to let China build this.

 

[Mavideol]

3 hours ago, Srikcir said:

It's being financed by the Thailand Future Fund (TFFIF) that is essentially a publicly-traded debt instrument (so it's not government debt). In the case of a road infrastructure, the interest is paid out of the gross revenues collected from road tolls. Financial risk is born by the fund investors.

• The fund return rate of 4% is not a very high yield rate but when compared to other funds with higher levels of risks it is safer presuming higher tolls with greater traffic. But if it is compared to alternative funds offered in the stock market that expect higher returns in the first year, the TFFIF is a loser.  https://translate.google.com/translate?hl=en&sl=th&u=https://www.hoonsmart.com/archives/29291&prev=search

It appears that each road segment covered by separate deals might differ in the relationship between TFFI investors and the State. https://translate.google.com/translate?hl=en&sl=th&u=https://www.prachachat.net/finance/news-284491&prev=search

meaning, not paying it to the Chinese they will take another piece of Thailand, soon nothing left for the Thais

[lust]

19 hours ago, CGW said:

If you drive around China you will find the best road system in the world barring none! All built in the last 30 years or so, same with the subway and high speed train system.

Oh yeah? Tell us more.

 

 

[Mavideol]

1 minute ago, lust said:

Oh yeah? Tell us more.

 

 

where is China 555

[lust]

39th place 

[Mavideol]

19 hours ago, CGW said:

If you drive around China you will find the best road system in the world barring none! All built in the last 30 years or so, same with the subway and high speed train system.

you must have been to a different China than the one I live in.... main city with main roads acceptable until they decide to start re-doing it for power lines, phone lines, water, drain, as all around the world, government schedule and forecast are not an requirement.... back to the roads, small inland cities it's a different story please feel free and check and BTW the so called good roads or highways have tolls nothing free and usually out of the 3-4 lanes each direction only 1-2 will be open or in good condition to drive but it's all a matter of ratings..... trains, yes, good, subway can't comment, never used it and never will because don't want to receive the spitting on my shoes or my clothes, matter of principle

[Mavideol]

20 hours ago, snoop1130 said:

China closed deal on Rama III highway project

as a standard deal making, China bids include creating jobs for the local residents, would like to know how many jobs they will create or maybe they will do like they did in some African countries, Bangladesh, Pakistan, Sri Lanka, Greece and some others, they will bring in their Chinese laborers to avoid miscommunications

[CGW]

1 hour ago, Mavideol said:

you must have been to a different China than the one I live in

Obviously, you should get out and about more, go for a drive ???? - start with Shanghai to Qidong............

 

I did state roads were good (its an undeniably fact - you can all argue as much as you want and come up with some silly western survey to back up "facts" ) - I never said they were good with drains, they seem to forget about them in a lot of areas. What they have achieved with their infrastructure in the past 30 years is monumental, as Jack Mah stated, China has invested the same amount in their infrastructure in recent years as USA has in war mongering - 15 trillion was the number he quoted.

[Reigntax]

11 hours ago, Burma Bill said:

Last month - June 14 2019 at Heyuan in Guangdong Province, China. Bridge over the Dongiang River:-

 

They have invented completely clear structural glass?