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Corporate February 19, 2019 01:00

By The Nation

MCOT HOLDS FIRST HEARING ON INVESTMENT IN 2 PLOTS



MCOT Plc (MCOT) yesterday held the first of two public hearings on its planned investment in two plots of land measuring 50 rai (8 hectares) and 20 rai for the view of various stakeholders. It will also conduct a feasibility study before proceeding with the public-private partnership process by the end of this year. 

President Kematat Paladesh said MCOT planned to generate revenue from the two properties in the Ratchada-Rama IX quarter. 

Currently, a 50-rai plot is partly leased to CKST for a period of three years while a 100-rai plot houses the MCOT headquarters.

The company has assigned Thammasat University Research and Consultancy Institute to conduct a feasibility study on developing both assets in compliance with Section 25 of the Private Investments in State Undertakings Act, BE 2556, which requires a host agency to hire a consultant to prepare a project appraisal report, conducted independently. 

Earlier this month, the market was sounded out to gauge the interest of potential investors. The second public hearing will be held in April prior to the public-private partnership proceeding. 

“ The National Legislative Assembly of Thailand has passed the draft Act on Public Private Partnership BE. Once it is enacted, the procurement process and necessary proceedings will be facilitated, allowing us to carry out the project more efficiently,” said Kematat.