Thai cabinet approves bidders for water management

Reading Time: 1 minute
Thai flooding
The 2011 floods cost the Thai economy $46.5 billion

The Thai Cabinet has approved the selection of four bidders for the design and construction of sustainable water resource management and flood prevention systems in Thailand, the government media department announced on June 19.

The entire project is worth $9.2 billion and is part of the $11.3 billion water resource management and flood prevention scheme the country has set up after 2011’s severe floods.

The four bidders are:

ITD Power China Joint Venture (China)
Korea Water Resources Corporation (K Water) (South Korea)
Loxley Joint Venture (Thailand)
Summit SUT Joint Venture (Thailand)

The winner is supposed to carry out 10 water management projects . Two types of consulting firms will be hired to help manage and supervise the design and construction for a period of five years. It is expected that bidding for the consultants will be open within the next 15 days.

The cabinet also approved to secure a loan of about $10 billion to finance the water management projects. This can be seen reasonable in contrast to the total damage and losses from the 2011 floods in Thailand that amounted to $46.5 billion.

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

The 2011 floods cost the Thai economy $46.5 billion

The Thai Cabinet has approved the selection of four bidders for the design and construction of sustainable water resource management and flood prevention systems in Thailand, the government media department announced on June 19.

Reading Time: 1 minute

Thai flooding
The 2011 floods cost the Thai economy $46.5 billion

The Thai Cabinet has approved the selection of four bidders for the design and construction of sustainable water resource management and flood prevention systems in Thailand, the government media department announced on June 19.

The entire project is worth $9.2 billion and is part of the $11.3 billion water resource management and flood prevention scheme the country has set up after 2011’s severe floods.

The four bidders are:

ITD Power China Joint Venture (China)
Korea Water Resources Corporation (K Water) (South Korea)
Loxley Joint Venture (Thailand)
Summit SUT Joint Venture (Thailand)

The winner is supposed to carry out 10 water management projects . Two types of consulting firms will be hired to help manage and supervise the design and construction for a period of five years. It is expected that bidding for the consultants will be open within the next 15 days.

The cabinet also approved to secure a loan of about $10 billion to finance the water management projects. This can be seen reasonable in contrast to the total damage and losses from the 2011 floods in Thailand that amounted to $46.5 billion.

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid