The Mass Rapid Transit Authority of Thailand is entering negotiations with Italian-Thai Development with a view to the company lowering the bid price for the Purple Line’s sixth contract from Bt4.14 billion. The current bid price is higher than the median price of Bt3.66 billion. Expecting negotiations to be completed in two weeks, MRTA acting […]
Continue ReadingConstruction firm Demco aims to bid for additional projects worth Bt4 billion this year over and above the current backlog of Bt7.24 billion to ensure 50-per-cent revenue growth. Managing director Pongsak Siricupta said last week that the company has a backlog worth Bt7.24 billion, excluding its recent bid for state agency and private projects worth […]
Continue ReadingWith an investment of US$300 million, Caterpillar Inc, the world’s top maker of construction equipment, is in the process of turning Thailand into its main Southeast Asian production base. Two factories are being built in Hemaraj Rayong Industrial Land, with 95% of the output slated for export. Richard Lavin, president of the Illinois-based Caterpillar Group, […]
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When the Nathanson family first saw this house near Chiang Mai, Thailand, it was practically derelict. Thieves had stripped the unfinished structure and it was overgrown with vegetation. There are centuries of stories contained in the meter-thick teak columns of Barry Nathanson’s luxury fixer-upper in the northern hills of Thailand. The columns — 50 of […]
Continue ReadingThe Transport Minister has expressed confidence that the first high speed railway connecting Bangkok and Chiang Mai will be ready for service by 2018. Transport Minister Jarupong Ruangsuwan has disclosed that Thailand and China have agreed to conduct a feasibility study on the country’s first high-speed rail project. With Chinese experts surveying the planned route of […]
Continue ReadingThe government is committed to investing 1.64 trillion baht to develop 10 mass transit routes and logistics-related projects over the next seven years. Transport Minister Jarupong Ruangsuwan yesterday proposed infrastructure and logistics development plans through 2018 to Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong. Mr Kittiratt promised to give full financial support to the […]
Continue ReadingSiemens AG has entered into a partnership with a Khon Kaen company to assemble passenger coaches in Thailand, marking the German train giant’s first foray into local manufacturing. This year or next, they will tender a bid of 4.9 billion baht or around 100 million to the State Railway of Thailand (SRT) to build 115 […]
Continue ReadingThe Regional Joint Public/Private Sector Consultative Committee has reported to the cabinet its resolution to support the planned THB190 billion deep-sea port and industrial estate project in Dawei, Myanmar. At the 4th mobile cabinet meeting in Kanchanaburi province chaired by Prime Minister Yingluck Shinawattra, the joint committee has reported its agreement to support Italian-Thai Development […]
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In a plan to attract tourists and boost trade with Thailand, Burma plans to restore a 150-mile section of the “Death Railway,” infamous during World War II. The occupying Japanese army used prisoners of war and Asian labourers to constructed the railway. Tens of thousands prisoners were forced to work in inhuman conditions to build […]
Continue ReadingA Thai unit of Japan’s Toshiba Corp said on Monday it planned to invest 2 billion baht ($64 million) to build an air conditioning unit plant at the Bangkadi industrial estate. The construction of the new plant would be completed in February 2013 and it planned to double capacity at the plant over the next […]
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