The first contract involves the construction of the Bang Sue central terminal and a maintenance facility. The contract, worth 29 billion baht, has been awarded to SU Joint Venture, comprising Sino-Thai Engineering and Construction Plc and Unique Engineering and Construction Plc.
The second is for the construction of rail tracks and train stations. Italian-Thai Development Plc secured the contract, valued at 21.2 billion baht. The two contracts are part of a 36km section of the Red Line electric railway linking Bang Sue in Bangkok and Rangsit in Pathum Thani province.
Construction under the contracts is expected to be completed within three years, said Prapat Chongsanguan, governor of the State Railway of Thailand.
The Bang Sue-Rangsit section of the Red Line also includes a third contract concerning the laying of the train operation system and procurement of rolling stock. That contract has not been sealed yet.
Mr Chadchat added that the cabinet also approved the signing of the four contracts for the Purple Line electric train from Bang Sue to Bang Yai.
The contracts have been won by Bangkok Metro Plc, the SET-listed subway operator.