2021
1.01 Billion US Dollars! CHEC Wins the Bid for PPP Investment Project in Laem Chabang Port Phase III Area F, Thailand
source: Author: Date: 2021-11-17 Font size: [large medium small]

 

Within the recent past, CHEC successfully won the bid for the PPP Investment Project in Laem Chabang Port Phase III Area F, Thailand, with a total investment of about 1.01 billion US dollars in this project. The franchise period of the project is 35 years, and the total construction period is 4 years. The project is owned by the Port Authority of Thailand.

Laem Chabang Port, 127km from Bangkok - Capital of Thailand, is the largest container port in Thailand, accounting for 80% of the country?s total output. As a key project of Eastern Economic Corridor (EEC) Development Plan of Thailand, this project is also one of the key projects to realize “Thailand 4.0” Development Strategy. It is envisioned to be the largest gateway port in Southeast Asia and the substantial destination of the future China-Thailand Railway Project. Thus, it is a prime project of Thailand’s national economic development strategy and is of great significance.

Since 2018 when it began to participate in the bidding, CHEC has successively completed due conscientiousness, feasibility demonstration, decision examination and approval, PPP agreement negotiation and cooperation negotiation of the project, and finally won the bid. This project is the first time for Chinese enterprises to participate in international bidding in the port field in the form of joint venture and win the bid. Concomitantly, it is the first investment project where CHEC deepens territorial cooperation in the Thai market and successfully won the bid, so it has a milestone significance and reflects CHEC’s ability to participate in international PPP competitive projects. In the time to come, CHEC will fully participate in the construction and operation of the project, and this project will also also become another important breakthrough in the port investment and construction value chain of the company after the Lekki Port Project in Nigeria.