Hopewell compo quashed | Bangkok Post: news

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Hopewell compo quashed

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The Central Administrative Court has ruled that an arbitration committee lacked the authority to award a multi-million baht compensation package to the contractors behind the terminated Hopewell elevated rail project. 

Workers are busy dismantling the abandoned Hopewell pillars to clear the way for construction of the Red Line mass transit rail project, running from Bang Sue to Rangsit. PATTARAPONG CHATPATTARASILL

The arbitration panel ordered in 2008 that the State Railway of Thailand (SRT) and Transport Ministry pay 59 million baht, plus 7.5% interest per year, to Hong Kong-based Hopewell (Thailand) as compensation for what it said was the unfair termination of the concession.

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