Bangkok Observatory Tower will actually cost Bt4.6 bn: spokesman

[Jonathan Fairfield]

Bangkok Observatory Tower will actually cost Bt4.6 bn: spokesman

 

It will take Bt4.6billion to develop the 459-metre-high Bangkok Observatory Tower with funding coming from the private sector, assistant government spokesman Colonel Atisit Chaiyanuwat said on Wednesday.

 

He backtracked from his earlier statement that the tower would cost Bt7.6billion.

 

Atisit also sought to explain that the project needed the Cabinet approval because it would be developed on a plot of land belonging to the Finance Ministry’s Treasury Department. 

 

Located in Bangkok’s Klong San district, this plot sits by the Chao Phraya River. 

 

“The 30-year land lease comes with a rental fee of Bt198million,” Atisit said. 

 

He added that the Bangkok Sky Tower Foundation, which has brought together several private firms, would pay the construction costs. 

 

On Tuesday, Atisit said the Cabinet resolved to exempt the tower project from the State Enterprise Policy Office’s regulation that requires a bidding process.

 

The Cabinet has waived the need for bidding in a move to speed up the project. 

 

Source: http://www.nationmultimedia.com/news/breakingnews/30319360

 

 

-- © Copyright The Nation 2017-06-28

[whatawonderfulday]

so was 7.6 million but 2 days later only 4.6.  By the end of the week they will be claiming that the developers are paying the government to build it as a gift to the nation  !!!

[clockman]

Lying is a way of life, for Thai people. It is genetic

[sandrabbit]

The Cabinet has waived the need for bidding in a move to speed up the project...............

[PETERTHEEATER]

And what is the intended function of this structure. To monitor the navigation of the new submarine?

[janclaes47]

2 hours ago, whatawonderfulday said:

so was 7.6 million but 2 days later only 4.6.  By the end of the week they will be claiming that the developers are paying the government to build it as a gift to the nation  !!!

4.6 Billion is what it will cost to build, 7.6 Billion is the figure of the amount of money that will change hands.

 

Arrived here yesterday I assume ?

[Redline]

Both figures just happen to end in .6

What a bunch of crap.  It literally changed exactly 3 billion over night.  If you're going to lie, you must be able to think!

You can see the dude is thinking how he's going to spend his share

[Retiredandhappyhere]

Another slight misunderstanding, I presume?