The terms of reference (ToR) for the U-tapao aerotropolis worth over 200 billion baht will be open for bidding through a public-private partnership (PPP) in October, with the winner expected to be unveiled early next year. The first phase of the 6,500 rai U-tapao airport and aviation centre will be capable of handling 15 million passengers in five years. These are likely to include BSR Joint Venture, a consortium of BTS Group Holdings Plc (75%), Sino-Thai Engineering and Construction Plc (15%) and Ratchaburi Electricity Generating Holding Plc (10%). AirAsia has informed the government of its intention to invest in the MRO at U-tapao aerotropolis, with a total investment worth US$150 million (4.8 billion baht). Mr Kanit said the committee has also authorised related public agencies to plan for the third phase of the U-tapao aerotropolis development plan.

Source: Bangkok Post June 04, 2018 23:03 UTC