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CP Group Clears Hurdle for Multi-billion Eastern Airport Development
10th Jan 2020
The Charoen Pokphan (CP) Group has found its way for the bidding of the 290-billion baht Eastern Airport City project in Thailand.
A report by the Bangkok Post said on Friday that the Supreme Court overruled the lower court’s decision to junk CP Group’s bid due to its late submission of documents.
To recall, the Administrative Court in August last year ruled in favor of the complainant - Royal Thai Navy - which sought to nullify the CP Group’s bid. The Royal Thai Navy manages the U-Tapao International Airport which is one of the airports planned for development.
The Supreme Court in its order said that the inclusion of CP Group in the bidding will best serve the national interest, adding that requirements were filed within the deadline and that the nine-minute delay in the submission of technical, financial, and business plan documents would not cause any advantage or disadvantage for the other bidders.
The higher court emphasized that the Eastern Economic Corridor Office had accepted the participation of CP Group in the bidding which concluded at 3 p.m. on March 21, 2019.
Following the order, the CP Group-led consortium is now poised to challenge two other bidders for the project: the BBS Consortium and the Grand Consortium.
BBS Consortium comprises of Sino-Thai Engineering and Construction Plc (STEC), Bangkok Airways Plc, and BTS Group Holdings Plc, while Grand Consortium consists of Grande Asset Hotel and Property (Grand), and Asia Aviation - whose majority stake is owned by Thai AirAsia, and Christiani & Nielsen (Thai) Plc.
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