Thailand approves US$9bil airport project adding new terminal

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THAILAND’s Cabinet on Tuesday approved a bid by a consortium led by BTS Group Holdings Pcl for an airport development project worth 290 billion baht (US$9bil).

The project will add a third passenger terminal at the U-Tapao International Airport near Pattaya, which in normal times is a tourist hot-spot, and develop other facilities like air cargo and aviation maintenance centers.

Apart from BTS Group, the consortium includes Bangkok Airways Pcl and Sino-Thai Engineering & Construction Pcl. The public-private partnership contract is due be to signed on June 19. Narita International Airport Corp. has been selected to manage the airport. Kanit added that his office is in talks with DHL Worldwide Express and FedEx Corp. for the air cargo business planned at the airport complex.

 

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