Mr. Chavalit Thanomtin, Chief Executive Officer of Right Tunneling Public Company Limited (RT) disclosed that the company accepts the construction of the double track railway project. Line Denchai – Chiang Rai – Chiang Khong, the second contract in the construction of the Ngao – Chiang Rai railway tunnel, worth 2,157 million baht, of which the company is a subcontractor joint venture Karnchang Public Company Limited (CK ), Sino-Thai Engineering and Construction Public Company Limited (STEC) and Buriram Panasit Company Limited.
The work is part of the railway construction project. Saidenchai – Chiang Rai – Chiang Khong The State Railway of Thailand (SRT) has moved forward in accordance with Cabinet decisions. The total distance is 323 kilometers, with 3 construction contracts being signed, including Contract 1, Den Chai-Ngao Section, Contract 2, Ngao-Chiang Rai Section, and Contract 3 Chiang Rai-Chiang Khong.
“Accepting this event is a continuation of the previous project. By taking advantage of experienced personnel and special expertise. In addition, the company’s specific equipment. Currently, the Company has successfully received the Letter of Intent (LOI). Construction is expected to commence and revenue recognition will commence in 4Q22,” said Mr Chavalit.
In addition, the company is ready to operate to its full potential. in terms of construction labor management cost management is good In addition, there is a continuous progression of work. to accelerate the construction work to be completed on time as well as continuously accepting jobs in the government sector By accepting work in the said project, the company has a current revenue recognition (Backlog) of 9,375 million baht, which’ n exceed the target of 8,500 million baht.