PAT union threatens protest against mega-city project on Klong Toey port land

[webfact]

PAT union threatens protest against mega-city project on Klong Toey port land

 

 

The Port Authority of Thailand’s labour union has threatened protests if the management and Government press ahead with their ambitious plan to transform a large tract of the port’s land into a huge commercial city, complete with a mega-mall and high-end real estate project.

 

Union president Sakchai Kulsanan said today (Tuesday) that the mega project is designed to appeal to the private sector, citing the 90-year concession period for land use, in exchange for dismal returns of 5%-10% of the revenue generated to be given to the PAT.

 

He also pointed out at a proposed term of reference allows the concessionaire to hold up to 51% of the shares in a holding company to be jointly set up by the private sector and PAT to operate the mega commercial city.

 

Source: https://www.thaipbsworld.com/pat-union-threatens-protest-against-mega-city-project-on-klong-toey-port-land/

 

 

-- © Copyright Thai PBS 2019-11-05

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[Srikcir]

4 hours ago, webfact said:

a proposed term of reference allows the concessionaire to hold up to 51% of the shares in a holding company to be jointly set up by the private sector and PAT to operate the mega commercial city.

Seriously, establish a 'mega' city operated by unelected officials?

Everyone should challenge this approach that essentially may create a stalag.