PPP and Civil Construction Projects in Thailand (Newletter March 2016 Part 5)
Newsletter Juslaws & Consult (J&C) – March 2016 Part 5: PPP and Civil Construction Projects in Thailand
5 planned mega infrastructure projects (rail and highways) expected to cost about Bt334 billion might be considered for Public Private Partnerships Fast-Track scheme, one of them is the Bt152-billion Bangkok-Rayong high speed-rail project. The PPP Fast-Track scheme will shorten the consideration of projects from 24 months to 8. The recent amendments on PPP Act says that non infrastructure projects with investment between Bt1 billion and Bt5 billion or infrastructure projects with an investment of less than Bt1 billion will not have to go through the PPP Policy Committee.
Thailand will have a new Bt2.1-trillion 20-year plan to develop the motorway network. The country see these investments to bring a multiplier effect by more than two times worth Bt5.7 trillion for the economy. The plan for 2016-36 will cover 21 routes with a combined length of 6,612 km. The Public Private Partnership (PPP) scheme will be used as the investment model. Juslaws & Consult will be awarded as official PPP consultant of these projects during 2016 and will provide professional legal and business advice in some of the key projects.
On the other hand, one of the largest infrastructure projectsin Asia will begin in 2016: the double-track railway project that will link China and Thailand. The project is part of the Pan-Asia Railway Network’s central route, which will connect the countries of China, Laos, Thailand, Malaysia and Singapore. The Thai Government expects to have the civil construction contracts completely signed during the first quarter of 2016. In addition to this the Transport Ministry announced that 17 infrastructure megaprojects more with a value of 927 billion baht will be tendered in 2016 and 2017.
Part 1: Petroleum Concessions in Thailand
Part 2: GTCC Membership
Part 3: Boi Seminar
Part 4:Thailand Japan Young Entrepreneurs Networking
Part 5: PPP and Civil Construction Projects in Thailand
Part 6: 2016 Acquisition of Hotels & Resorts in Thailand and Due Diligence Report