June 19, 2020 / 5:22 AM / 19 days ago

Thai govt signs $9.3 bln U-Tapao aviation city project with local consortium

BANGKOK, June 19 (Reuters) - Thailand’s government on Friday signed a 290 billion baht ($9.36 billion) agreement with a consortium of local firms to upgrade and expand U-Tapao airport and its surrounds and turn it into a third international gateway for Bangkok.

It is part of a major government infrastructure project in its eastern industrial zone and will make U-Tapao a third commercial hub serving the Thai capital and its industrialised eastern seaboard, after the main Suvarnabhumi airport and low-cost terminal, Don Mueang.

It also covers construction of Airport City adjacent to the airport, a centre for logistics and supporting industries such as aircraft maintenance, repair, aviation training and fuel storage.

U-Tapao is located about two hours by road from Bangkok and a separate plan to create a rail link has been approved.

The consortium, BBS Joint Venture, comprises Bangkok Skytrain operator, BTS Holdings Pcl, Sino-Thai Engineering and Construction Pcl and Bangkok Airways Pcl ($1 = 30.9700 baht) (Reporting by Panarat Thepgumpanat and Chayut Setboonsarng; Editing by Martin Petty)

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