SRT fails to attract any bidders for development of Bang Sue station’s Plot A

[webfact]

SRT fails to attract any bidders for development of Bang Sue station’s Plot A

By THE NATION

 

 

The State Railway of Thailand (SRT) will have to adjust its development plan for the Bang Sue Grand Station’s Plot A now that nobody has shown any interest in bidding for the project.

 

Bidding envelopes, each costing Bt500,000, have been put up for sale since December 28, but not a single one has been sold, a source said. The bidding wraps up on January 29.

 

“It is believed that nobody has shown interest in the project because of the new wave of Covid-19 infections. Also the Plot A project has low potential for commercial profit as an elevated expressway passes over it and it has limited access,” the source said.

 

“If nobody buys an envelope in the next 10 days, SRT will not reopen the bidding again,” the source said. “Instead it will adjust details of the development plan for Plot A and either make it the site of an SRT office building or let other state agencies rent the land, which will not require any bidding because it will not be a private-public partnership.”

 

The source also said that SRT is looking into the possibility of bundling Plot A with Plot E, because Plot E has higher commercial potential and will attract more bidders.

 

The 79-rai Plot E, with an estimated value of over Bt30 billion, is located next to the nation, while the 32-rai Plot A is about 140 metres away from the station.

 

Source: https://www.nationthailand.com/news/30401451

 

 

-- © Copyright The Nation Thailand 2021-01-19

 

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[hotandsticky]

Where are the pesky Chinese when you need them?.................

[JoePai]

elevated expressway passes over it and it has limited access

 

Well at least any buyer would not be buying a pig in a poke as those 2 things are pretty obvious

[Don Aleman]

Is it possible bidders/developers/investors FINALLY getting the message

to not deal with Thailand ?

[hotchilli]

19 hours ago, webfact said:

Bidding envelopes, each costing Bt500,000, have been put up for sale since December 28, but not a single one has been sold, a source said.

Lol... I wonder why?

[pixelaoffy]

Any non Thai finance ain't gonna happen.. the word is out ! Don't invest your money in Thailand .. it ain't worth it!

Edited January 20, 2021 by pixelaoffy