webfact Posted June 2, 2020 Share Posted June 2, 2020 BBS set to sign contract after winning bid for U-Tapao and airport city By THE NATION The Cabinet will soon sign a contract with BBS Joint Venture, which won the bid for the construction of U-Tapao Airport and the Eastern Airport City, though the Navy will decide who builds the airport’s runways. BBS proposed return on investment of at least Bt305 billion over 50 years of operation, deputy government spokesperson, Ratchada Thanadirek, said. Once the authorities overseeing the East Economic Corridor have approved BBS as the contract winner, the contract will reportedly be signed on June 19. The Cabinet, meanwhile, has given the Royal Thai Navy the freedom to select a private contractor for building U-Tapao’s runways after an Environmental Impact Assessment (EIA) has been conducted. This contract will be signed once the EIA has been approved. The Cabinet has also set aside a budget of Bt889.2 million for investment in related projects such as aviation meteorology and electricity. The development of the 6,500-rai U-Tapao and Eastern Airport City comprises six projects, namely a third airport terminal, commercial gateway, air cargo, maintenance, repair and overhaul section, free trade zone and training centre for aeronautical personnel. The development is expected to be completed by 2023 and will create 15,600 new jobs. Source: https://www.nationthailand.com/news/30388963 -- © Copyright The Nation Thailand 2020-06-03 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 1 1 Link to comment Share on other sites More sharing options...
Srikcir Posted June 3, 2020 Share Posted June 3, 2020 JV includes Sino-Thai Engineering and Construction, a mainstay of Thai government contracts. What I find peculiar is that the JV will be signing the contract with the Thai Navy for construction of an airport. Link to comment Share on other sites More sharing options...
Pilotman Posted June 3, 2020 Share Posted June 3, 2020 1 minute ago, Srikcir said: JV includes Sino-Thai Engineering and Construction, a mainstay of Thai government contracts. What I find peculiar is that the JV will be signing the contract with the Thai Navy for construction of an airport. It's a Navy owned and operated airport, situated on Navy land. The Thai Military are allowed by law to enter into and to start and operate commercial contracts and activities. Odd to western minds, but it is how it is done here. Link to comment Share on other sites More sharing options...
Barry343 Posted June 3, 2020 Share Posted June 3, 2020 If it is Military land I hope in the sake of the Thai Nation they DO NOT ALLOW FOREIGN MONEY TO BE INVESTED. Link to comment Share on other sites More sharing options...
Andrew65 Posted June 3, 2020 Share Posted June 3, 2020 (edited) 3 hours ago, Pilotman said: It's a Navy owned and operated airport, situated on Navy land. The Thai Military are allowed by law to enter into and to start and operate commercial contracts and activities. Odd to western minds, but it is how it is done here. An old Aussie friend was recently working on a billion $ Japanese JV project in Bangkok. The Japanese company pulled the pin completely on the job earlier this year after it became impossible to deal with soldiers in a commercial project. Edited June 3, 2020 by Andrew65 1 Link to comment Share on other sites More sharing options...
Pilotman Posted June 3, 2020 Share Posted June 3, 2020 1 minute ago, Andrew65 said: An old Aussie friend was recently working on a billion $ Japanese JV project in Bangkok. The Japanese company pulled the pin completely on the job earlier this year after it became impossible to deal with soldiers in a commercial project. Yes, I can understand that. Nobody says that they are good at it, just that they can do it. Look at the way they have managed to screw up the airports and Thai Airways, who's management are mostly ex or serving Military folk. Link to comment Share on other sites More sharing options...
DrTuner Posted June 3, 2020 Share Posted June 3, 2020 1 hour ago, Barry343 said: If it is Military land I hope in the sake of the Thai Nation they DO NOT ALLOW FOREIGN MONEY TO BE INVESTED. If a foreigner is stupid enough to invest in something owned by military, which they will have zero ownership of, go ahead. Fools and their money... Link to comment Share on other sites More sharing options...
Andrew65 Posted June 3, 2020 Share Posted June 3, 2020 Just now, DrTuner said: If a foreigner is stupid enough to invest in something owned by military, which they will have zero ownership of, go ahead. Fools and their money... Thailand needs to be dragged kicking & screaming into the 20th century, but the 'conservatives' don't want that. Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted June 3, 2020 Share Posted June 3, 2020 An excellent opportunity for companies in the region to tender for the various contracts that will emerge from the project. Got to be in the EEC if you are serious about doing business in Thailand. It will be the hub for manufacturing, logistics, shipping, technology, transportation, banking and many other industries. Remember, the EEC is ensconced in the constitution now, so it is happening. Link to comment Share on other sites More sharing options...
TallGuyJohninBKK Posted June 3, 2020 Share Posted June 3, 2020 (edited) I wonder what the acronym "BBS" stands for in the OP article... I could think of a few possibilities, including Big.... B.... S.... Artist's Rendering: Edited June 3, 2020 by TallGuyJohninBKK 1 Link to comment Share on other sites More sharing options...
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