Mega-consortium to bid for major projects

Economy April 16, 2015 01:00

By The Nation

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PSL and TU Holdings Co Ltd along with more than 12 alliance partners recently formed a consortium to participate in the upcoming bids for a motorway and the extension of the airport rail-link project in Thailand.

The companies – which are from the finance, engineering and construction sectors – on Thursday signed a joint-venture consortium memorandum of understanding agreement to support construction of the country’s infrastructure projects.

The construction of the motorway will be for the Bang Yai-Kanchanaburi route with a length of 96 kilometres, and the extension of the airport rail link will be for the 22-km Phayathai-Don Mueang route.

PSL & TU chairman Thomas Lee said the consortium consisted of companies from South Korea, China, Israel and Thailand, with its goal to secure Thai government infrastructure projects that have stalled.

The strongest of his partners, Beijing Nile International Investments – whose principal companies include the China Communications Construction Company, the China Railroad Construction Corporation and China Ghezouba Group – has signed the memorandum of understanding.

"The agreement states that they are willing to invest up to $US5 billion (Bt163 billion) towards the mega projects in Thailand," said Lee.