Thailand's airport delays

Article Abstract:

The Thai government has announced that plans to construct a second airport in Bangkok could be abandoned. Attention is now begin given to the possibility of extending the existing Don Muang airport, which would cost around $460 million. Capacity at this airport would rise to 45 million passengers a year, from the present 30 million a year, and it would eventually handle 75 aircraft an hour, from the present 50. Opposition parties believe that the change in policy may have been prompted by corruption and speculative land deals.

Industrial Nonbuilding Structure Construction, Airports Construction, Design and construction, Airport construction

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Hopewell loses Bangkok contract

Article Abstract:

Hopewell Holdings has made a $647 million provision in its accounts for anticipated losses from the elevated road and rail project in Bangkok, Thailand. Hopewell's $3.2 billion contract for the scheme has been rescinded by the Thai government. The work is currently around 20% complete, but work had almost come to a complete standstill before the government rescinded the contract. It remains uncertain what impact the cancellation of the contract will have on Hopewell's credit.

Heavy construction, not elsewhere classified, All Other Heavy Construction, Highways & Streets Constructn, Highway and Street Construction, Railroads Construction, Construction industry, Road construction, Contracts, Railroad construction, Hopewell Holdings Ltd.

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Investors sought for Bangkok Airport

Article Abstract:

A review committee has recommended lifting the capacity of Thailand's second Bangkok international airport to the original 30 million passengers per year, instead of the down-sized 20 million passengers. The new airport, which will be located at Nong Ngu Hao, is expected to boast a terminal and two runways. Private investment is being encouraged to help raise 40 billion bahts required for the holding company.

Administration of General Economic Programs, Airports, flying fields, & services, Airports, Airport Operations, Investment Incentives, Planning, Thailand, Airport terminals

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