News Detail

Date/Time
27 Feb 2020 17:35:00
Headline
Notification on the Progress of the Bidding of the U-Tapao International Airport and Eastern Aviation City Development Project
Symbol
STEC
Source
STEC
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                ST/2020/0123
February 27, 2020

Subject    :    Notification on the Progress of the Bidding of the U-Tapao 
International Airport and Eastern Aviation City Development Project
To    :    The President
The Stock Exchange of Thailand

Whereas Sino-Thai Engineering & Construction Public Company Limited (the 
"Company"), Bangkok Airways Public Company Limited and BTS Group Holdings Public
Company Limited jointly submitted a proposal under the name of "BBS Joint
Venture" for the bidding of the U-Tapao International Airport and Eastern
Aviation City Development Project to the Royal Thai Navy on March 21, 2019, the
Company would like to inform you that on March 31, 2020, the Selection Committee
under the Public-Private Partnership of the U-Tapao International Airport and
Eastern Aviation City Development Project (the "Selection Committee") has issued
a letter no. KorPorOr. TorRor. 79/2563 notifying that BBS Joint Venture was the
bidder who proposed the best offer for the minimum revenue guarantee as returns
to the state (No. 1) for the U-Tapao International Airport and Eastern Aviation
 City Development Project.
At present, BSS Joint Venture is under negotiation with the Selection Committee 
regarding the draft public-private partnership agreement as well as any other
relevant agreements. It is anticipated that the negotiation will be completed by
 early Q2/2020.
Please be informed accordingly.
Sincerely yours,
Sino-Thai Engineering & Construction Public Company Limited


-Mr. Pakpoom Srichamni-
President
______________________________________________________________________
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