Home Business The State Railway of Thailand confirms the signing of the MOU, the CP Group, does not support the private sector Solve the problem of the three airport railway project

The State Railway of Thailand confirms the signing of the MOU, the CP Group, does not support the private sector Solve the problem of the three airport railway project

by news dir

Thursday, October 28, 2021, 7:50 p.m.

The State Railway of Thailand confirms the signing of the MOU, the CP Group, does not support the private sector Solve the problem of the three airport railway project

Mr. Nirut Maneephan, Governor of the State Railway of Thailand (SRT) revealed the case SRT has signed a Memorandum of Understanding (MOU) for the management of the joint venture agreement. and solved the problem of the high-speed rail project connecting three airports with Asia Era One Company Limited (Joint Venture, Charoen Pokphand Holding Company Limited and its partners) confirming that it is not for the benefit of the private sector Rather, it is a contract management under the terms specified in the original joint venture contract. To solve the problem in the airport rail link not affecting public services After the private sector cannot accept the transfer of the Airport Rail Link project as scheduled due to the impact of the COVID-19 epidemic

In this regard, Asia Company has sent a letter to the SRT dated August 9, 2021 requesting consideration for amendments to the joint investment contract for the high-speed rail project. in the part where the contract cannot be fulfilled Due to the impact of COVID-19, ready to report outbreak problems that affect the project by requesting measures for support from the government / requesting an extension of the payment of royalties for the Airport Rail Link Project and determining other remedial measures, such as the change in the payment method for the joint investment project and the extension of the period

Project. After that, the Eastern Special Development Zone Policy Committee (EEC Board) meeting on October 4, 2021 resolved to acknowledge the aforementioned problem and assign the SRT / Office of the Special Development Zone Policy Committee to East (OEC) and the project supervisory committee Solve problems according to the principle of amendments to the joint investment contract During the amendment of the joint investment contract, SRT, OHEC, and Asia Company will jointly resolve the issue of the Airport Rail Link service urgently. to provide continuous service And on October 19, 2021, the Cabinet meeting (Cabinet) has passed a resolution to acknowledge the solution to this issue. and lead to the signing of the said MOU. The MOU will be valid for 3 months starting from October 24, 2021.

Mr. Niruth added that if the Joint Investment Agreement is not amended within 3 months or the extension is extended, SRT has the right to forfeit collateral to pay for non-compliance with the Private Investment Agreement. Currently, the private sector has paid 10% of the administrative rights under the Joint Investment Agreement amounting to 1,067 million baht as a guarantee for the implementation of the MOU and the Joint Venture Agreement.

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