CP Group, ThaiBev to bid for high speed train projects in Thailand

Photo by tiverylucky. Published on 29 May 2015 (ID: 100329542) freedigitalphoto.com

Two Thailand-based conglomerates, Charoen Pokphand Group (CP) and Thai Beverage PLC (ThaiBev), have expressed their interest in developing the country’s high speed train projects.

According to the Bangkok Post today, Thailand’s largest agro and food conglomerate CP Group has talked to the Transport Minister Prajin Juntong late last month, to propose a 150-billion-baht investment plan for a 194-kilometre-long high speed train route linking Bangkok, Pattaya and Rayong. The plan will be formally submitted to the Transport Ministry this month.

Meanwhile, ThaiBev has also shown its interest in investing in the other route, which links between Bangkok and Hua Hin for 211 kilometre and will require an investment of 98 billion baht.

The bidding for both the routes is scheduled to be held in next month, and the construction will take around 30-36 months.

The newspaper also reported that the ministry has asked the Secretariat of the Cabinet, it can submit the Bangkok-Pattaya-Rayong rail project to the Cabinet for approval ahead of the environmental impact assessment (EIA) report, which is now being accelerated by Transport Permanent-Secretary Soithip Traisuth and the Natural Resources and Environment Ministry.

The EIA report for Bangkok-Hua Hin route is being reviewed by the National Environment Board.

Also read:

Thailand’s Sansiri, BTS form 7 JV firms for developing properties along skytrain routes

Thai govt is to invest $3b in Eastern Seaboard’s infrastructure

 

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.