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Thailand gives CP Group October 15 deadline to sign $7 billion rail deal

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37 minutes ago, webfact said:

“On Oct. 15, CP Group should sign the contract because if they don’t, they will be blacklisted by the government,” Anutin said.

Desperate times. 

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I think part of the delay is caused by them wondering how they can possibly deliver the project for that low amount of money.

 

The other bid was technically superior, better researched, within the Terms of Reference, and realistically priced for the amount of work necessary.

 

Will be interesting to see if CP can pull off obtaining the Makkasan development jewel  and still deliver the rail project.

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Is this not a massive and obvious conflict of interest, that Anutin whose family own Sino Thai, who also bid on the project and lost to CP Group is now in charge of this? Would be nice for Sino Thai and Anutin if they were blacklisted.

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9 minutes ago, Classic Ray said:

I think part of the delay is caused by them wondering how they can possibly deliver the project for that low amount of money.

 

The other bid was technically superior, better researched, within the Terms of Reference, and realistically priced for the amount of work necessary.

 

Will be interesting to see if CP can pull off obtaining the Makkasan development jewel  and still deliver the rail project.

Maybe they took a look at the cost to build the California high speed rail and thought....Hey we are going to be building this for chump change..... 

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So, CP is a specialist railroad construction enterprise now, high-speed, I say !
Well done, especially since they are pricing even under the Chinese competitors that are famous for undercutting local contracters.

anyone knows how many kilometers track that contract is for by the way ?

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CP Group, owned by Thai billionaire Dhanin Chearavanont, has businesses in agriculture through CP Foods Pcl (CPF.BK), telecommunications in China-mobile backed True Corporation Pcl (TRUE.BK) and Ping An Insurance Group (601318.SS).

 

Again, China backed and Chinese money... I bet all the agriculture business is with Chinese as well... Another Beijing puppet.

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10 minutes ago, FinChin67 said:

CP Group, owned by Thai billionaire Dhanin Chearavanont, has businesses in agriculture through CP Foods Pcl (CPF.BK), telecommunications in China-mobile backed True Corporation Pcl (TRUE.BK) and Ping An Insurance Group (601318.SS).

 

Again, China backed and Chinese money... I bet all the agriculture business is with Chinese as well... Another Beijing puppet.

They are all cousins of course. 

The same effectively. 

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41 minutes ago, Classic Ray said:

I think part of the delay is caused by them wondering how they can possibly deliver the project for that low amount of money.

I think they are working out how to get in enough Myanmar workers and block expensive thais

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My guess is CP are struggling to get finance. Who would lend to such a noted transport and infrastructure powerhouse? On a project that will make so much money as a PPJV. Their only hope is an eight page contract like Hopewell.

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