Hopewell's canceled deal underscores Asia project woes
Article Abstract:
Hopewell Holdings Ltd.'s contract to build a $3.2 bil mass transit system in Bangkok was discontinued by the Thai government. The project, named Bangkok Elevated Rail and Transport System(Berts), would help solve the city's major traffic dilemma. With the nation facing economic difficulties compounded by the baht instability in the currency market, infrastructure programs are the least of the government's major concerns. Investors feel that the Hopewell project cancellation forebodes other economic difficulties.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Foreigners contest award of Thai subway contract
Article Abstract:
The Thai government has postponed the approval of a controversial contract award to build Thailand's first subway system. The remaining qualified bidders consist of one foreign-led consortium and two of the country's most powerful construction companies. Ch. Karnchang PCL, a politically well-connected construction firm, submitted the winning bid but the final price has not been set. French and South Korean representatives have protested in writing over the bid.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Bangkok's mass-transit project is late, but Hopewell's contract stands firm
Article Abstract:
Hopewell Holdings Ltd., way behind schedule in its construction of a mass-transit system in Bangkok, Thailand, hopes to complete the first phase of the project by 1998. Despite its failure to complete the project on time, Hopewell's services have been retained by the State Railway of Thailand, which had earlier warned the company about the delay.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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