Airbus has failed to submit the proposal (till March 06, 2020), along with Thai Airways International (THAI) for the maintenance, repair, and overhaul (MRO) of U-Tapao Airport in Rayong project. The bidding process is postponed to April 2020 as both companies are acutely affected by the coronavirus. The national carrier is expected to wait till April 2020 for proposals from Airbus.
Airbus and THAI signed a joint investment agreement in June 2019. Both companies have been discussing the details of THB 11 billion (US$ 0.3 billion) investment in the project.
If airbus fails to submit the investment plan by April 20, 2020, THAI is scheduled to open general bidding for potential investors.
Country updates
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December 27, 2019
CMA CGM signs agreement for selling stake in 10 Port terminals with China Merchants Port
The CMA CGM Group has announced that it has signed an agreement with China Merchants Port (CMP) to sell a portfolio of stakes in ten port terminals to Terminal Link, their joint-venture set up in 2013...
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December 16, 2019
LRT project in Thailand to launch tender next year
Mass Rapid Transit Authority of Thailand (MRTA) is to launch a tender for USD 1.14 billion tram project in Phuket in the middle of next year after the amended design will be accepted and the project w...
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November 08, 2019
ADB and WEF to accelerate finance into sustainable infrastructure in Southeast Asia
The Asian Development Bank (ADB) and the World Economic Forum (WEF) earlier this week signed an agreement to accelerate the flow of public and private finance into sustainable infrastructure in Southe...
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October 29, 2019
USD 7.4 billion high-speed rail project signed in Thailand
PPP agreement to develop the High-Speed Rail Linking Three Airports (Don Mueang-Suvarnabhumi-U-Tapao) Project has been signed on 24 of October between State Railway of Thailand (SRT) and Eastern High-...
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October 08, 2019
Contract signed for USD 1.7 billion port PPP in Thailand
The Industrial Estate Authority of Thailand (IEAT) on 1 of October has signed a public-private partnership (PPP) contract with the winner of the tender - Gulf MTP LNG Terminal, for the development of...
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