INVESTORS FROM CHINA AND FRANCE EXPRESSES INTERESTS IN THE CONSTRUCTION OF 10 BTS ROUTES

Transport Minister PONGSAK RAKTAPONGPAISAN(พงศักดิ์ รักตพงศ์ไพศาล) revealed after his meeting with the representatives from France and China embassies.

The representatives were informed about the bidding process and the information of the construction of 10 electric-train routes where the representatives were impressed with the project and have expressed their confidence that the project will attract over 30 investors from both countries.

Currently 14 investors from France have shown their interest to invest in the project; however the investors will be more informed about the project and its details.

Mr. PONGSAK said that the ministry will hold a meeting with representatives from Germany, Australia and Cement Thai Company to provide further detail of the project and that the numbers of investors will be concluded within January 26th.

Source: Thai National News Bureau Public Relations Department - 18 January 2006

Currently 14 investors from France have shown their interest to invest in the project; however the investors will be more informed about the project and its details.

Once these fourteen discover that the Thai government has no genuine desire to allow them to make money back on the project and will ultimately try to buy them out at a loss, I imagine that their interest in the BTS will wane.