BGSR Consortium Officially Inks the 30-Year Agreement for O&M of Motorway 6 and 81
'The contracts for Intercity Motorways – M6 and M81 are signed today'.
On September 29, 2021, BGSR Consortium announced that the group has officially signed the PPP agreement on the O&M contract with the Department of Highways for the Intercity Motorway No. 6 (Bang Pa-In – Nakhon Ratchasima) Project (M6) and the Intercity Motorway No. 81 (Bang Yai – Kanchanaburi) Project (M81) covering 30 years. Both motorway projects are expected to commence operations in 2023.
The BGSR joint venture consisted of BTS Group Holdings Plc. (BTS), Gulf Energy Development Plc. (GULF), Sino-Thai Engineering & Construction Plc. (STEC), and Ratch Group Plc. (RATCH), holding a shareholding in the project by 40%, 40%, 10% and 10%, respectively.
These two projects have a combined budget of 39,138 billion baht, with Bang Pa In-Nakhon Ratchasima costing 21,329 million baht and Bang Yai-Kanchanaburi costing 17,809 million baht.
