Draft contract for Eastern Airport City and U-Tapao airport projects endorsed

 

 

Thailand’s Eastern Economic Corridor (EEC) Policy Committee today approved the draft joint venture contract for the development of the 290-billion baht Eastern Airport City and U-Tapao airport project.

 

The project is one of the five Public-Private-Partnership infrastructure projects inside the EEC.

 

EEC Policy Committee secretary-general, Mr. Kanit Sangsuphan, said today that the draft joint venture contract, already vetted by the Office of the Attorney-General, will be forwarded to the Cabinet for consideration, after which a contract will be signed between the Royal Thai Navy, the owner of the land, and the BBS Consortium (BTS Group Holding, Bangkok Airways Pcl and Sino-Thai Engineering), tentatively planned for June.

 

Full story: https://www.thaipbsworld.com/draft-contract-for-eastern-airport-city-and-u-tapao-airport-projects-endorsed/

 

-- © Copyright Thai PBS 2020-05-22

 

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Well that's a relief; all the billions spent on acquiring the land; building motorways; will not be for nothing.  Shouldn't this have come before one spadeful of earth was turned?

hub a dub dub ?

'No change in plan for MRO at U-Tapao Airport'

By THE NATION

 

 

The proposed maintenance, repair and overhaul (MRO) project at the U-Tapao Airport will proceed as planned despite Thai Airways International (THAI) entering a business rehabilitation programme, Eastern Economic Corridor Office (EECO) secretary-general Kanit Sangsubhan said.

 

The Bt11-billion project to build an MRO facility at Rayong’s U-Tapao Airport has already been approved by the Cabinet and a contract is expected to be signed in June.

 

“In early June, project owner the Royal Thai Navy will sign a contract with bid winner BBS Joint Venture, which comprises BTS Group Holdings, Bangkok Airways and Sino-Thai Engineering and Construction,” said Kanit. “Meanwhile, the Aeropolis development project in a 30km radius around U-Tapao Airport was awarded to Narita International Airport Corporation, which is expected to be complete by 2023, coinciding with the opening of the MRO facility.”

 

There has been wide speculation that the MRO project could be delayed after French aerospace giant Airbus SAS withdrew from the joint venture while THAI is scheduled to enter a business rehabilitation programme after declaring bankruptcy. Kanit explained that “the MRO project will proceed as planned as it is a part of government’s mega-project to develop the Eastern Economic Corridor".

 

“Airbus pulling out of the joint venture is not a problem, as 4-5 companies have reached out to the EECO expressing their interest in the project,” he added.

 

The EECO also estimated that following the Covid-19 outbreak, air transport of goods will recover within one and a half years while passenger travel will take two years to return to normal. “Therefore, the outbreak should not affect the project's timeframe, which is scheduled to be completed within 2023,” added Kanit.

 

Source: https://www.nationthailand.com/news/30388303

 

-- © Copyright The Nation Thailand 2020-05-22

 

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9 minutes ago, webfact said:

“Airbus pulling out of the joint venture is not a problem, as 4-5 companies have reached out to the EECO expressing their interest in the project,” he added.

 

Seriously ? Who is going to believe this? 

Nothing will be signed in June since they don't have anyone in mind. Most of the project was built up with Airbus in it.

13 minutes ago, xtof2 said:

 

Seriously ? Who is going to believe this? 

Nothing will be signed in June since they don't have anyone in mind. Most of the project was built up with Airbus in it.

That was then; this is now. Try to keep up.

5 hours ago, webfact said:

Kanit explained that “the MRO project will proceed as planned as it is a part of government’s mega-project to develop the Eastern Economic Corridor".

Oh, it's part of the project, so therefore it will proceed even if the company that was supposed to be the key partner has declined to participate. Got it.

Quote:-

"bid winner BBS Joint Venture, which comprises BTS Group Holdings, Bangkok Airways and Sino-Thai Engineering and Construction"

 

Should be no problems with public health issues?????????

Love affair with everything Chinese steams ahead.