Showing 1 - 10 of 15
BEM settlement plan goes to cabinet
News, Thodsapol Hongtong, Published on 24/12/2019
» Transport Minister Saksayam Chidchob will on Tuesday ask the cabinet to approve a plan to grant Bangkok Expressway and Metro Plc (BEM) a 15-year contract extension in order to avoid paying the firm more than 4 billion baht in compensation.
New legal bid to stop Hopewell payout
News, Thodsapol Hongtong, Published on 28/10/2019
» The Transport Ministry is confident the evidence it submitted which highlighted 20 irregularities in a railway project that was scrapped two decades ago will spare it from having to pay the hefty compensation to Hopewell as ordered by the Supreme Court.
Hopewell agrees to talk after legal threat
News, Thodsapol Hongtong, Published on 19/10/2019
» The Transport Ministry on Friday decided not to ask the Administrative Court to investigate shareholdings in the Hong Kong-based Hopewell after the company made a last-minute offer to negotiate hefty financial compensation owed by the Thai government.
Ministry seeks reversal of compensation to Hopewell
News, Thodsapol Hongtong, Published on 16/10/2019
» The Transport Ministry is seeking to reverse the Supreme Administrative Court's ruling ordering it and the State Railway of Thailand (SRT) to pay hefty financial compensation to Hopewell (Thailand) Co.
Rail body seeks cut in B37bn payout bill
News, Thodsapol Hongtong, Published on 10/10/2019
» The State Railway of Thailand (SRT) will pay the entire 11.88 billion baht in compensation to Hopewell Holdings, as ordered by the Supreme Administrative Court, but will negotiate for a reduction in the interest payment, Transport Minister Saksayam Chidchob said on Wednesday.
'A few options' in tollway row
News, Thodsapol Hongtong, Published on 28/08/2019
» The Transport Ministry says it has a few options available to settle the unfair competition issue between the Expressway Authority of Thailand (Exat) and a subsidiary of the Bangkok Expressway and Metro Plc (BEM).
Rain check for new Expressway Authority of Thailand deal
News, Thodsapol Hongtong, Published on 03/07/2019
» The Transport Ministry has put on hold a proposal for the Expressway Authority of Thailand (Exat) to offer a 30-year contract extension to Bangkok Expressway and Metro Plc (BEM).
Critics slam expressway debt-swap
News, Thodsapol Hongtong, Published on 02/07/2019
» Opposition is intensifying to the Expressway Authority of Thailand (Exat) board's decision to grant Bangkok Expressway and Metro Plc (BEM) the right to operate three expressways for 30 more years in a bid to clear its debts to the company.
Hopewell poles hinder airport link
News, Thodsapol Hongtong, Published on 12/06/2019
» The unsettled Hopewell saga may now delay the construction of the high-speed train system to link up the country's major airports, as the State Railway of Thailand (SRT) remains uncertain what to do with 288 poles left from over two decades ago.
Transport Ministry eyes Hopewell payment delay
News, Thodsapol Hongtong, Published on 09/06/2019
» The Ministry of Transport may seek Administrative Court approval to delay its compensation payment of 37 billion baht to Hopewell (Thailand), according to Worawut Mala, acting governor of the State Railway of Thailand (SRT).