Irrigation Dept Says Rising Steel Prices May Impact Construction Projects

[snoop1130]

 

BANGKOK (NNT) - The Royal Irrigation Department (RID) has acknowledged that rising steel prices due to the armed conflict between Russia and Ukraine may affect reservoir construction projects.

 

The remarks were made by Sermchai Siewsirithaworn, director of the Bureau of Large Scale Water Resources Development under the RID.

 

The director said the war, together with the ongoing COVID-19 pandemic, drove up the costs of construction materials, crude oil and labor cost. He also said the situation might eventually affect the RID’s dam construction projects.

 

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These prices have so far seen a marginal increase due to government intervention, but construction costs for these projects are already being affected.

 

Sermchai noted, however, that construction of the Bangban - Bangsai flood drainage canal in Ayutthaya province is still proceeding as planned. The 21-billion-baht project is expected to be completed in 2023.

 

The 22.5-kilometer-drainage-canal is also the seventh of the RID’s multiple flood mitigation projects in the lower Chao Phraya basin.

 

-- © Copyright NNT 2022-03-15

 

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[Will B Good]

Drop in the ocean compared to the corruption that takes place on these projects.

[Tropicalevo]

I would think that rising steel prices would definitely impact construction projects.

As would labour shortages (stop sending the Burmese back), higher fuel prices, higher concrete prices as well as a general cost of living increase.

What planet are these people from?

[MrJ2U]

22 hours ago, snoop1130 said:

These prices have so far seen a marginal increase due to government intervention

Intervention with the peoples tax money subsidizing some government scheme/scam. 

 

Everyone involved is still getting there brown envelopes with the agreed amounts.

 

"Economics"  Thai style.