Private Company to Invest 40 Billion Baht into U-Tapao Airport Expansion

[snoop1130]

 

The Thai government and its private venture partner U-Tapao International Aviation Company (UTA) are planning to put as much as 40 billion baht into the expansion project of the U-Tapao international airport.

 

UTA is increasing its registered capital of 4.5 billion baht to 15 billion baht to push the expansion of the airport at full speed.

 

Once the capital increase is accomplished, UTA will allocate a substantial total investment of 40 billion baht towards the expansion of the airport. Upon completion of the development project, full rights and ownership of the aviation facilities will be transferred to the state.

 

By Tanakorn Panyadee

Caption: PHOTO: Kaosod Online

 

Full Story: https://thepattayanews.com/2023/06/15/private-company-to-invest-40-billion-baht-into-u-tapao-airport-expansion/

 

-- © Copyright The Pattaya News 2023-06-15

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information.

[Stocky]

Quote

Phase 6: Maintaining the original plan of 60 million passengers per year by 2060

WTF! 

 

That's just a graph extrapolation without any reference to reality.

 

.

[worgeordie]

17 minutes ago, snoop1130 said:

Upon completion of the development project, full rights and ownership of the aviation facilities will be transferred to the state.

Is that correct ,UTA a private company will invest 40 billion Baht into the airport,

and when development is complete ,give full rights and ownership to the State .....

what's in it for them ?

 

regards Worgeordie

 

Once the capital increase is accomplished, UTA will allocate a substantial total investment of 40 billion baht towards the expansion of the airport. Upon completion of the development project, full rights and ownership of the aviation facilities will be transferred to the state.

 

[blackcab]

10 minutes ago, worgeordie said:

what's in it for them ?

 

They get to operate the airport until it is handed back to the state in several decades time.

[RanongCat]

Is no care this can be way toacquisition of territory after fqil to get  approval for USA  ownership before?

[RanongCat]

Some people  not like  truth of history . ????

[anrcaccount]

Build a Casino?

[hotchilli]

10 hours ago, worgeordie said:

Is that correct ,UTA a private company will invest 40 billion Baht into the airport,

and when development is complete ,give full rights and ownership to the State .....

what's in it for them ?

 

regards Worgeordie

 

[zzaa09]

11 hours ago, blackcab said:

 

They get to operate the airport until it is handed back to the state in several decades time.

The govt will operate and manage any airport facility......in this case, UTA take a substantial and regular profit in exchange for their generous investment. 

 

A nexus of government and corporations. 

Corporatism. 

[mikebell]

13 hours ago, snoop1130 said:

40 billion baht into the expansion project of the U-Tapao international airport.

Start with the website which is only in Thai.  Move on to the email address which never answers anything in English.  Inside replace the group of youngsters playing with the luggage machine which has no conveyor belt (you have to carry your luggage to another section).  When you finally make it to the seedy, mosquito-infested lounge, you cannot buy a drink unless you have a Thai app on your phone.  The only good think is long-stay carparking which, for 8 days parking, was cheaper then a return taxi fare.  I did have to wake the attendant up to pay even tho' the gate was fully open.