BSR Joint Venture clears key hurdle on bid for Thailand airports rail link

BSR Joint Venture clears key hurdle on bid for Thailand airports rail link

7 December 2018

BSR Joint Venture has passed the requirements for its technical bid for the high-speed railway project that will link three main airports in the country, with the winner expected to be announced this month.

An anonymous source from BTS Group Holdings Plc (BTS) said that it has been informed that BSR Joint Venture has passed a preliminarily assessment for its technical bid for the high-speed railway project and is awaiting the official announcement of the State Railway of Thailand (SRT).

The SRT is expected to consider the pricing bids over the coming week and the outcome of the bidding process is expected this month, the source said.

BTS holds a 60 per cent stake in BSR Joint Venture, while Sino-Thai Engineering and Construction Plc and Ratchaburi Electricity Generating Holding Plc each own 20 per cent.

Worawut Mala, SRT’s acting governor, said yesterday that the committee will convene to inspect the document to finalise the scores for the technical bid before considering the pricing bid, adding that it will take about one week to decide the winner.

A contract signing is still expected no later than January 31.

Source: http://www.nationmultimedia.com/detail/Corporate/30359962