Pre-Tender Meeting Set For Thai Motorway PPPs
Thailand's Department of Highways will meet with investors interested in the M6 and M81 motorway PPP projects on 31 January.
Project information will be released at the pre-tender meeting, with feedback from infrastructure investors as well as financial and legal firms being solicited ahead of the release of requests for proposal for the projects.
The scope of private financing for the M6 and M81 projects includes the design and construction of toll plazas and installation of toll collection and traffic control systems, at an estimated to cost USD 240m and USD 180m respectively.
The concessionaires will also be responsible for operation and maintenance over 30-year concession periods. They will receive availability payments while all toll-related revenues will go to the public sector under the PPP gross cost model.
The 196km M6 will start from Bangpa-in and the 96km M81 start from Bangyai, both located on the Eastern Bangkok Outer Ring Road.
Construction of the M6 and M81 is due to be completed in 2020. Registration for the 31 January meeting is here.
The government is adding 32km to the M7 (from Pattaya to Map Ta Phut), also due for completion in 2020.
At its first meeting of the year, Thailand's Cabinet yesterday approved a 75% hike in tolls on the existing Bangkok to Pattaya M7 motorway: from THB 60 (USD 1.85) to THB 105 for passenger cars and up to THB 170 and THB 245 for six and ten-wheeled vehicles. The government is converting the motorway to a closed system by blocking entry points between toll booths.