Bangkok Post
SRT rail partner denies contract exit
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◌ Single Source
Asia Era One has denied cancelling the high-speed rail project linking three airports, saying a letter submitted to the State Railway of Thailand (SRT) was filed under the concession agreement and should not be interpreted as an immediate withdrawal from the project.
Key facts
- Asia Era One has denied cancelling the high-speed rail project linking three airports, saying a letter submitted to the State Railway of Thailand (SRT) was filed under the concession agreement and should not be interpreted as an immediate
- The clarification followed reports that the CP Group-led consortium had exercised its contractual rights over issues affecting the project's implementation.
- Regarding Board of Investment (BOI) privileges, the company said the project received approval in principle in 2022, but its investment promotion certificate expired last year.
- On Thursday, SRT governor Anan Phonimdaeng said the consortium's July 6 letter sought to invoke its right to terminate the contract because conditions required to issue a notice to proceed could not be met.
Summary
The clarification followed reports that the CP Group-led consortium had exercised its contractual rights over issues affecting the project's implementation.
The company said some reports contained incomplete information that could misrepresent the project's status, the consortium's intentions and the contractual process.