PPP Board gives green light to AOT to invest in parking lot and ground equipment

PPP board greenlights AOT to invest over 14.5 billion baht in parking lots and ground equipment to support aviation hubs, reducing investment plans for electric trains after signing Orange Line Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance, is the Chairman of the Public-Private Partnership Policy Committee (PPP Committee), approving the principles of the project to provide parking and ground equipment, passenger ground services and other related businesses at Suvarnabhumi Airport by opening for private sectors to invest in the project in the form of PPP Net Cost with an investment value of 14,498 million baht. Supporting Thailand as a gateway for trade, investment and a key logistics strategy of the region, the project will support the continuous growth of air traffic volume at Suvarnabhumi Airport and can support the goal of becoming the aviation hub of the region, as well as being in line with the government's policy to push the Thai economy to grow to its full potential. In add ition, the PPP Committee also approved the adjustment of the joint investment plan for 2020-2027 to open up private sector investment in the form of PPP for a total of 138 projects, worth a total of 918 billion baht, which was adjusted down from the joint investment plan because there were joint investment projects that had been completed and signed joint investment contracts, such as the Orange Line electric train project, Bang Khun Non-Min Buri (Suwinthawong) section, and the Si Racha Highway Service Center on Motorway No. 7, Bangkok-Ban Chang, moving forward to attract more private sector investment in state projects. Source: Thai News Agency