Transport Ministry and State Railways told to pay HK company 11.9 billion baht

Geschrieben von PM-Redaktion. Posted in Magazine

Tags: ,

Transport Ministry and State Railways told to pay HK company 11.9 billion baht

Veröffentlicht am mit Keine Kommentare

The long running issue of Bangkok’s ‘stonehenge’ has been resolved after the Supreme Administrative Court handed down its findings today over the disputed contract of the 60 kilometre link from central Bangkok to Don Mueang Airport. The Thai Ministry of Transport and the State Railway of Thailand have been dealt a costly blow after the Supreme Administrative Court today overturned the Administrative Court’s verdict and ordered the two state agencies pay almost 11.9 billion baht in compensation to the Hong Kong-based Hopewell Holdings Company for the termination of the Hopewell project – a 60 kilometre elevated highway and rail line from central Bangkok to Don Meuang international airport back in the 90s. Thai PBS reports that the compensation, plus another 500 million baht in bank guarantees put up by Hopewell Holdings Company, must be paid within 180 days of the verdict from the Supreme Administrative Court.

View the original here:
Transport Ministry and State Railways told to pay HK company 11.9 billion baht

Über PM-Redaktion

We love Phuket!

Browse Archived Articles by PM-Redaktion

Keine Kommentare

There are currently no comments on Transport Ministry and State Railways told to pay HK company 11.9 billion baht. Perhaps you would like to add one of your own?

Leave a Comment

You must be logged in to post a comment.