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Preferred bidder picked for Bangkok’s $2.8bn monorail PPPs

The projects had reportedly attracted 16 prospective contenders in the process’ early stages but only two teams submitted a final offer.

A consortium led by BTS Group, the operator of Bangkok’s BTS elevated skytrain, has been chosen as the preferred bidder to build two monorail PPP projects in Bangkok. 

The BSR Joint Venture, which also comprises infrastructure developer Sino-Thai Engineering & Construction and Thai power utility Ratchaburi Electricity, will develop the MRT Pink Line and Yellow Line projects with an estimated investment cost of over 100 billion baht ($2.79 billion; €2.68 billion). The tie-up will build and operate the monorail systems under a 30-year concession.

The MRT Pink Line, connecting Khae Rai with Min Buri, has a total track length of 34.5km with 30 stations. It has a total project cost of 53.5 billion baht, the Mass Rapid Transit Authority of Thailand said. The MRT Yellow Line is a 30.4km monorail system with 23 stations between Lat Phrao and Samrong that is expected to cost 51.9 billion baht.
The Thai government is due to contribute 43 billion baht to the two projects, with lenders to provide a chunk of the balance, according to a Reuters report quoting BTS’s chairman Keeree Kanjanapas. 

Early stages of the procurement process had seen 16 prospective bidders express interest in the Pink Line and 17 in the Yellow Line, but only two bidders, including BSR JV and a joint venture of Bangkok Expressway and Metro and developer CH Karnchang, summited final bids, local reports said. 

The Thai government plans to expand the mass transit network to 508.4km by 2029 to relieve traffic congestion in the capital.