MegaProject 545: Thailand approves five PPP projects
- Operation of Blue Line extension PPP project
- MRT Pink Line Elevated Train PPP project in Bangkok
- Development of Bangkok’s MRT Yellow Line elevated train PPP project
- Nakhon Ratchasima waste to energy PPP project
- Nonthaburi waste to energy PPP project
This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.
The Government of Thailand, through the Deputy Prime Minister Somkid Jatusripitak, has approved a total of five PPP projects worth about Bt200 billion (US$5.5 billion) under the country's infrastructure development plan from 2015 to 2020.
According to Mr Somkid, the projects will be submitted to the cabinet for approval this year. They include three Metropolitan Rapid Transit (MRT) projects in Bangkok and two waste-to-energy power plants. The five approved projects are the following:
- Development of Bangkok's MRT Pink Line elevated train PPP project, which will link Kaerai and Min Buri. The total project investment is estimated at Bt56.7 billion (US$1.56 billion).
- Development of Bangkok's MRT Yellow Line elevated train PPP project, which will link Lat Phrao and Samrong. The total project investment is estimated at Bt54.7 billion (US$1.51 billion).
- Operation of Blue Line extension PPP project, which will link Bang Sue and Bang Khae. The estimated cost will be approximately Bt82.4 billion (US$2.27 billion). The line now runs from Hua Lamphong to Bang Sue. The preferred bidder will be responsible for the operation and maintenance of the new extension.
- Nonthaburi waste-to-energy PPP project. The total project investment is estimated at Bt4.14 billion (US$114 million).
- Nakhon Ratchasima waste-to-energy PPP project. The total project investment is estimated at Bt2.25 billion (US$62 million).
Somkid Jatusripitak stated:
"The PPP projects that were identified are meant to help lower the financial burden of the government as it is planning to spend a large amount of capital on infrastructure projects."
"The investment will be in the form of a PPP to save state funds on plans to improve basic infrastructure and to make the government control public debt in line with the Finance Ministry's policy to cap it between 50% and 60% (of GDP)"
Under Thailand's infrastructure development plan, it is expected to be invested about Bt1.57 trillion (US$43.2 billion), most of it through partnerships with the private sector. The plan includes a total of 66 projects in 20 categories, 80% of them being transport projects.We have recently reported on several PPP projects in the Asia Pacific region:
- Karadiyana waste to energy - Sri Lanka
- Four laning of Cuttack - Angul section of NH - 42 road - India
- Philippine airport package A & package B - Philippines
- DBFOM of four laning km.192 (Ulundurpet) to km.285 (Padalur) on NH-45 on BOT (toll) - India
- Land reclamation PPP project in Lyusi port zone - Qidong (Jiangsu Province) - China
- Sendai Airport concession - Japan