No more delays on EEC rail deal, says Saksayam

[webfact]

No more delays on EEC rail deal, says Saksayam

By THE NATION

 

 

Transport Minister Saksayam Chidchob insists that State Railway of Thailand (SRT) will sign a contract to develop the high-speed railway crucial to the Eastern Economic Corridor with a Charoen Pokphand-led consortium by the revised deadline of October 25, with no further delays.

 

The original October 15 deadline lapsed after the entire SRT board of directors resigned on October 1.

 

Saksayam said on Thursday (October 10) that the new board will convene immediately after it is appointed by the State Enterprise Policy Committee on October 15.

 

His ministry will present the board’s membership roster for Cabinet acknowledgement on October 23 and two days later the CP consortium and SRT will sign the contract for the railway linking three major airports.

 

Saksayam, Finance Minister Uttama Savanayana and Industry Minister Suriya Juangroongruangkit met on Thursday with a subcommittee of the Eastern Economic Corridor Policy Committee.

 

Uttama said several agencies would jointly get the project off the ground and noted that 72 per cent of the land required was ready to hand over to the contractor.

 

Kanit Sangsubhan, secretary-general of Eastern Economic Corridor Office, said the CP consortium needs clarification on the land handover, which is key to it securing loans.

 

The CP consortium offered the lowest bid to build the railway linking Don Mueang, Suvarnabhumi and U-tapao airports.

 

CP’s partners are Bangkok Expressway and Metro Plc, China Railway Construction Corp, Ch Karnchang Plc and Italian-Thai Development Plc.

 

Source: https://www.nationthailand.com/business/30377289

 

-- © Copyright The Nation Thailand 2019-10-11

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[Matzzon]

And if Pokphand don´t agree? Oooh, but of course Sir. We will give you more time. As you wish. Sir. Thank you, Sir. It´s all good, Sir.

Edited October 11, 2019 by Matzzon

[legend49]

Are they going to lend the money to CP???

[30la]

You are the slaves of CP and you have to do exactly what they tell you! Be ready for another delay!

[Srikcir]

3 hours ago, legend49 said:

Are they going to lend the money to CP???

Considering that China Railway Construction Corp is a china state-owned enterprise and that China has been lending the Prayut government funds for transportation infrastructure systems, what are the odds?

[newnative]

No more delays as he announces a delay until Oct. 25th.

[mickey rat]

2 hours ago, Srikcir said:

Considering that China Railway Construction Corp is a china state-owned enterprise and that China has been lending the Prayut government funds for transportation infrastructure systems, what are the odds?

Pretty good I'd say. ???? Maybe CP true move users will get free Wi-Fi, sim cards available at the 7-11 food car just next to the KFC car. Unfortunately AIS users are out of luck. ???? 

[hotchilli]

23 hours ago, webfact said:

Uttama said several agencies would jointly get the project off the ground and noted that 72 per cent of the land required was ready to hand over to the contractor.

 

Kanit Sangsubhan, secretary-general of Eastern Economic Corridor Office, said the CP consortium needs clarification on the land handover, which is key to it securing loans

28% of land not yet available ?

[30la]

19 hours ago, 30la said:

You are the slaves of CP and you have to do exactly what they tell you! Be ready for another delay!

CP has realized that the economy in Thailand is losing hits and that its 7/11 will sell less, maybe it's better to wait!

[George Aylesham]

I've a lot of sympathy for those noting the strength of the baht but ultimately no government has the power to control the value of its currency beyond a little, and only partially effective, fiddling with the basic rate of interest. This leaves the more important aspects mentioned by the other posters: control of air pollution; clean beaches; suppression of dual pricing; ensuring the safety of ferries and finally radical improvements to road safety.

[neeray]

As stated recently (more or less). Even for CP, that's a pretty big gamble considering all the world doom and gloom that is being touted.

But no doubt, they've covered their behind in the contract 10 ways from Sunday.

[Cadbury]

 

On 10/11/2019 at 8:13 AM, webfact said:

Transport Minister Saksayam Chidchob insists the (SRT) will sign a contract to develop the high-speed railway crucial to the Eastern Economic Corridor with a Charoen Pokphand-led consortium by the revised deadline of October 25, with no further delays.

Really? And pray tell what if the CP Group refuses to sign the contract because they are not happy with it. Is The Minister going to threaten them again like he did before with heavy penalties and having them removed from the list  of eligible tenderers for Thai government contracts? 

The CP Group might just be sitting back watching what happens to investors like Hopewell now that the SRT and the Transport Minister have sunk their teeth into them even though they won the damages claim. 

Anyone wanting to go into business with the SRT must have rocks in their head. The SRT couldn't run a bath let alone the national rail system.

[webfact]

Airports railway deal to signed by 25th October

 

   

BANGKOK (NNT) - The airports’ high speed railway connection project is one of the urgent plans intended to propel the Eastern Economic Corridor (EEC) development. The government is now certain the construction contract will be signed by 25th October.

 

The Minister of Finance, Uttama Savanayana has revealed the outcome of an EEC Subcommittee meeting, saying that the subcommittee had approved the transfer of land for the construction of the airports high speed connector railway line, ordering the setting up of a Land Transfer Committee with the Ministry of Transport’s permanent secretary serving as chairman. Land transfer approvals will be further submitted to the EEC board, chaired by Prime Minister Gen Prayut Chan-o-cha for final approval.

 

He said that given the current progress, it is likely the construction project will proceed as planned, and the contract between the government and CP Group, the winning contractor set to undertake the project, can be signed by 25th October.

 

This EEC Subcommittee meeting is the first meeting attended by the Minister of Transport, Saksayam Chidchob, and the Minister of Industry, Suriya Juangroongruangkit.

 

The EEC Office’s Secretary General Kanit Sangsubhan, said today that 72 percent of the land to be used for the construction is now ready for transfer, while the remaining 28 percent will be incrementally transferred over a 2-year 3-month period due to the necessary relocation of infrastructure and utilities at 230 locations, which must proceed urgently, bearing risks which aren’t covered in the co-investment offer. He also assured the public that the construction contract will be processed by 25th October.

 

-- © Copyright NNT 2019-10-14

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[trainman34014]

Wonder why this is in the news every day; do they think it will put pressure on CP to sign up for something they obviously don't feel ready to ?   If i was a betting man i would say there is another delay coming up !