BBS Consortium Expects to Ink the “Utapao Deal” in May with ฿40bn First-Phase Investment
BBS Consortium Expects to Ink the Deal with Utapao’s Committee in May while Preparing a ฿40bn for the First-Phase Investment.
The negotiation between BBS Consortium and the selection committee of a public-private partnership in U-tapao Airport and Eastern Airport City Project is very close to reaching an agreement and expecting to sign the deal in May 2020, said the source close to the matter.
Mr. Surapong Laoha-Unya, Director of BTS Group Holdings Public Company Limited (BTS), stated that the first phase of this project will take about three years with an investment of 40 billion baht. The first phase will include a terminal with a capacity of 16 million passengers per year, along with a transportation system in the terminal.
The net present value to the state would be 300 billion baht, which BBS Consortium will pay within 50 years or according to the period indicated in the concession.
The BBS Consortium consists of BTS (35% stake), Bangkok Airways Public Company Limited (BA) with 45% stake and Sino-Thai Engineering and Construction Public Company Limited (STEC) with 20% stake.
