Two of four contracts awarded for Rama III Expressway

[rooster59]

Two of four contracts awarded for Rama III Expressway

By THE NATION

 

Artist's image of the Rama III expressway project

 

Directors of the Expressway Authority of Thailand (EXAT) on Friday (September 27) announced the winners of two of four contracts to build the Rama III Expressway, which will feature a two-kilometre cable-stayed bridge spanning the Chao Phraya River.

 

A consortium called CTB, comprised of China Harbour Engineering Co, Thipakorn Co Ltd and Buri Ram Thong Chai Construction Co Ltd, posted the winning bid of Bt6.44 billion for Contract 2, 11.06 per cent lower than the reference rate.

 

Ch Karnchang Pcl was awarded Contract 4 – the bridge itself – with a Bt6.636-billion bid, 16.46 per cent under the reference rate.

 

Two other contracts are expected to be awarded at the end of October, by which time a new EXAT governor will have succeeded retiring Phuttigun Kanjanapangka.

 

The expressway will cover 19km from Rama III Road in Phra Nakhon to the Western Outer Ring Road in Thon Buri.

 

Contract 1, involving a 6.4km segment of the expressway, has a reference rate of Bt6.98 billion. A consortium of China State Construction Engineering Corp, Nawarat Patanakarn Pcl and AS Associated Engineering (1964) Co Ltd have bid Bt5.897 billion.

 

Contract 3, for a 5km section, has a reference rate of Bt6.991 billion. A consortium of China Railway 11th Bureau Group Corp, Civil Engineering Co Ltd and Bunchai Panich (1979) Co Ltd has offered Bt6.098 billion.

 

Source: https://www.nationthailand.com/business/30376836

 

-- © Copyright The Nation Thailand 2019-09-28

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[RichardColeman]

Sure bet shares in sand have risen

[Burma Bill]

And all the cement from SCG????

[Srikcir]

14 hours ago, rooster59 said:

A consortium called CTB, comprised of China Harbour Engineering Co

 

14 hours ago, rooster59 said:

A consortium of China State Construction Engineering Corp

 

14 hours ago, rooster59 said:

A consortium of China Railway 11th Bureau Group Corp

Might be a lot of project funding coming from China through its state-owned enterprises.

Again and again.

Appears that Prayut's planned infrastructure investment by private Thai investors and the Thai government is likely very minimal. The result is GDP growth contribution for China and hopefully at best GDP growth contribution for Thailand through shared concession revenues.

Why couldn't these projects have been financed by the Thai government through planned Thailand's Sovereign Fund?

The Sovereign Fund would invest Thailand’s large accumulated foreign exchange reserves of US$215 billion reserves (March 2018) to generate more revenue for the country like many other countries do.  https://www.nationthailand.com/business/30340585

I suspect that the BoT needs those reserves to prop up the high value of the baht.

[hotchilli]

Did they check that enough immigrants would still be here to actually build the project?

[ChrisY1]

2 minutes ago, hotchilli said:

Did they check that enough immigrants would still be here to actually build the project?

Chinese will likely man-up these projects

[hotchilli]

10 minutes ago, ChrisY1 said:

Chinese will likely man-up these projects

Chinese will be the management level... they will look for cheap immigrant labour to pick-up the shovels !

With so much Chinese construction taking place in Sihanoukville Cambodia many have returned home to work.

Edited September 29, 2019 by hotchilli