News Detail

Date/Time
04 Jun 2020 12:39:00
Headline
Notification on the Progress of the U-Tapao International Airport and Eastern Aviation City Development Project
Symbol
STEC
Source
STEC
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                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
______________________________________________________________________
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