Suvarnabhumi Thai Government
New board of Airports of Thailand to cover up loss during military government took control
Tuesday, April 1st, 2008The Transport Ministry from the elected government has ordered the new board of Airports of Thailand (AOT) to outperform its predecessor in terms of financial returns. The ministry also reiterated the government’s policy to cancel the use of Don Mueang as Bangkok’s second airport and promote Suvarnabhumi as the capital’s single airport. It demanded the board put this policy into practice.
New Airports of Thailand board members met Transport Minister Santi Prompat and Deputy Minister Songsak Thongsri yesterday. After the meeting, Mr Songsak said Airports of Thailand under the previous board appointed by the coup leader after the Sept 19, 2006 coup earned only two billion baht yearly, down from over 10 billion baht a year before the coup. Its dividend also plunged from over two baht per share to just 40 satang.
JBIC interested in giving 5.6 Billion Baht loan for Suvarnabhumi Airport extension
Wednesday, March 12th, 2008The Japan Bank for International Cooperation (JBIC) affirmed on Friday it was ready to grant a Bt700 billion loan to finance Thailand’s mega projects.
Speaking after talking to a senior JBIC official, Transport Minister Santi Prompat said the Japanese agency would grant a loan for nine electric train extention routes.
Other countries have also shown interested in extending loans for the Thai government’s mega projects, he said, adding that the Ministry of Finance would accept loans from the source giving the best offer.
JBICÂ is also interested in giving Bt5.6 billion in loans to the Thai government for the second-phase of construction at Suvarnabhumi international airport.
Cabinet cancels Suvarnabhumi metropolis project
Sunday, April 8th, 2007Military-installed cabinet accepted the Interior Ministry’s request to withdraw the draft bill on the proposed establishment of a special administrative zone around Suvarnabhumi airport from scrutiny by the Council of State.
The move comes because it was the Thaksin government-initiated project and was blasted in a series of recent polls conducted by the military installed’s ministry.
Deputy military’s government spokeswoman Netpreeya Chumchaiyo said the request was accepted after the ministry forwarded the findings and recommendations of a series of surveys on the draft bill.
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