Wednesday, August 26, 2009

CKTC wins first purple line deal

       The Mass Rapid Transit Authority of Thailand yesterday officially awarded the first contract for Purple Line mass-transit rail construction, worth Bt14.292 billion, to CKTC Joint Venture.
       CKTC is a joint venture between Ch Karnchang and Tokyo Construction.
       Ch Karnchang chief executive officer Plew Trivisvavet said the consortium was required to finish the project within 1,350 days of the MRTA allowing it to start work.
       The company will ask its construction-material suppliers to fix their costs for two years, so that it is able to control the overall project cost.
       Plew said Ch Karnchang expected a net profit margin of more than 5 per cent from the contract.
       The Purple Line project is divided into four civil-work contracts. Sino-Thai Engineering and Construction, winner of the second contract, has agreed to reduce its bid price from Bt15.3 billion to Bt13.1 billion.
       The Power Line Engineering-led consortium - winner of the third contract - also lowered its price, from Bt6.3 billion to Bt5.025 billion.
       The fourth contract, which has yet to be put out to bid and involves installation of the rail system, will cost Bt4 billion.
       The entire project costs Bt59.8 billion, which also includes Bt9.2 billion for land expropriation, Bt1.296 billion for project design consultancy and Bt13.243 billion for the signalling and train system.

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