CKTC borrows from BBL for Purple Line

CKTC is a 70:30 joint venture of Thailand's Ch Karnchang and Japan's Tokyo Construction. It won the first contract, which is valued at Bt14.3 billion.

"The financing, aside from ben¬efiting Ch Karnchang, which has a long relationship with the bank, will also support the government infrastructure projects," said Chansak Fuangfu, vice president for whole¬sale business at BBL.

"All past projects are generating sizeable income for Ch Karnchang. The company's track record and reputation as a leading regional construction firm makes us confi¬dent the new construction project will be another national success."

Ch Karnchang has completed several largescale infrastructure projects, including the subway for the Mass Rapid Transit Authority, the Bang NaBang PhliBang Pakong Expressway, the Rama IX Bridge and the Pak KretBang Pain Expressway.

Under the new contract, in which the MRTA will receive fund¬ing from the Japan Bank for International Cooperation, CKTC will construct the 12kilometre rail network between Bang Yai and Bang Sue, which includes 11.88 kilometres of elevated railroad.

CKTC expects to complete the project in 1,350 days.