BBS Joint Venture wins bid for Thailand’s U-Tapao airport project near Pattaya and Rayong
By THE NATION
BBS Joint Venture has been awarded the U-Tapao International Airport and Eastern Airport City projects for offering the highest returns to the state, Admiral Luechai Ruddit, commander-in-chief of the Royal Thai Navy, said on Thursday (January 30) in his capacity as president of the selection committee.
“BBS offered Bt305.555 billion as returns to the state, while the Charoen Pokphand-led Thana Holding Consortium offered Bt102.217 billion and Grand Consortium proposed Bt100.903 billion,” he said. “We have asked BBS to prepare the contract details and technical specifications for approvals by the committee and the Cabinet, which is expected to be completed by March,” Luechai said.
The BBS Joint Venture includes Bangkok Airways (which has a 45 per cent stake), BTS Group Holdings (35 per cent) and Sino-Thai Engineering and Construction (20 per cent).
The U-Tapao International Airport and Eastern Airport City project will cover the development of 6,500 rai of land in and around the airport. The government will invest Bt20 billion in civil works for a second runway and a second air traffic control tower, while the private partner will invest Bt270 billion in the construction of the third passenger terminal, ground transportation centre, logistics and cargo complex, cargo village for a free trade zone and a commercial centre.
Source: https://www.nationthailand.com/news/30381356
