04 Jun 2020 12:39:00
Notification on the Progress of the U-Tapao International Airport and Eastern Aviation City Development Project
ST/2020/0280 June 4th, 2020 Subject : Notification on the Progress of the U-Tapao International Airport and Eastern Aviation City Development Project To : The President The Stock Exchange of Thailand Reference is made to the letter of Sino-Thai Engineering & Construction Public Company Limited (the "Company") No. ST/2020/123 dated February 28, 2020 announced through the Stock Exchange of Thailand's website that the Company, Bangkok Airways Public Company Limited and BTS Group Holdings Public Company Limited under the name of "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 (the "U-Tapao International Airport Project"). The Company would like to inform that on June 2, 2020, the Cabinet has passed a resolution concurring with the result of the tender for the Public-Private Partnership of the U-Tapao International Airport Project and delegated the authority to the Eastern Economic Corridor Office of Thailand (the "EEC Office") to enter into the Public-Private Partnership Agreement with the awarded private party. The Company, on behalf of U-Tapao International Aviation Co., Ltd., a joint venture company incorporated under the BBS Joint Venture Agreement to operate the U-Tapao International Airport Project, is well equipped to enter into the Public-Private Partnership Agreement with the EEC Office. It is anticipated that the agreement will be executed within June 2020. Please be informed accordingly. Sincerely yours, Sino-Thai Engineering & Construction Public Company Limited Pakpoom Srichamni President Company Secretary Tel: 0 2610 4900 ext. 1550, 1554, 1992 Fax: 0 2259 4427 ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.