Revised contract now ready

Within two weeks, according to Finance Minister Pichai Chunhavajira, the government will be able to submit the proposed contract adjustments for the high-speed bridge project connecting three terminals.

Mr Pichai, also the chairman of the Eastern Economic Corridor ( EEC ) Policy Committee, said yesterday that the committee had approved proposed revisions to the contract’s five key points.

Before the government hears the matter, the committee is currently awaiting the opinions of the organizations involved in a process that typically takes about two weeks.

The high-speed road system, a premier job of the EEC, did website Don Mueang, Suvarnabhumi and U-Tapao flights.

The original contract was signed in 2019 by the State Railway of Thailand ( SRT ) and Asia Era One, a Charoen Pokphand ( CP ) Group subsidiary. The combined purchase plan included a agreement agreement to run the Airport Rail Link.

The EEC Policy Committee approved proposed changes to five crucial areas of the agreement last Friday.

The repayment method for the costs of public funding is included in them. Under the initial deal, when the private sector operates the high-speed station, the government would pay a total of 149.65 billion ringgit in repayments.

The government would be able to give a maximum of 120 billion ringgit in installments under the proposed update, based on the progress of the work that the SRT has verified.

The private industry has also offer more guarantees in addition to the 160 billion baht contract to ensure the construction and operation of the high-speed train in five years. The SRT may also eventually transfer ownership of the constructed assets, in accordance with the payment payment plan.