$1.7bn Thai port project attracts 18 bidders
18 companies worldwide have expressed interest in bidding for $1.7bn worth of contracts to develop the deep-water Map Thaput mega-port project in Thailand.
Ten companies from Thailand plan to bid, including PTT Global Chemical, Italian-Thai Development and Ratchaburi Electricity Generating Holding, said Nikkei Asian Review.
Another eight companies from elsewhere include four from China: China Communication Construction, China Railway Construction, China Harbour Engineering Company and CHEC Thailand Co.
Two Netherlands-based bidders are Boskalis International and Vopak LNG Holding, while Japan's expected bidders are Tokyo Gas Co. and Mitsui & Co.
Somchint Pilouk, governor of the Industrial Estate Authority of Thailand (IEAT), is overseeing the bidding process for the project
The IEAT is expected to name the winning bidder for Map Thaput by February 2018, with construction due to be completed by 2024, Mr Pilouk aid.
The Map Thaput port project is one of five mega projects planned for the Eastern Economic Corridor, near the resort city of Pattaya, along the eastern coast of the Gulf of Thailand. Another of the five projects is the expansion of the Laem Chabang Port.
The government expects the economic zone, which also includes a big airport expansion and a high-speed rail network, to attract 300bn baht over the next few years.
However, Nikkei Asian Review said an anonymous analyst warned that there could be a delay in the investment, as “many investors are waiting to see how long the [Sino-U.S. trade war and its peripheral effects] might last."
All five projects will be financed with public and private funds.
LATEST PRESS RELEASES
MAN 175D Selected for First IMO Tier IIICompliant Harbour Tug Designed for Operation in Mediterranean
2 x IMO Tier III-compliant 12V175D MM engines to power harbour pusher tug Read more
This 3D smart camera from ifm electronic designed for mobile applications is the first 3D sensor sys... Read more
In 2018 the Hutchison Icave Port in Veracruz, Mexico was expanded by a new container terminal. Shiba... Read more
The “Dashboard” module allows you to create one or more dashboards. Read more
Coda Octopus is pleased to announce the release of Version 8.5 of CodaOctopus® Underwater Survey Exp... Read more