CHIANG MAI: South Korean Prime Minister Chung Hong-won said he was confident an investment company which attended the recent bidding for the government's 350-billion-baht water management scheme would be a successful bidder after meeting Prime Minister Yingluck Shinawatra on Sunday.
Speaking with Ms Yingluck on the sidelines of the second Asia-Pacific Water Summit in the northern province, Mr Chung assured that Korea Water Resources Corp (K-Water), one of the four bidders in the scheme, had the experience and readiness to manage the megaproject which is divided into 10 modules.
He said the company was ready to pass down its knowledge and technological know-how on disasters, floods and drought management to Thailand.
Ms Yingluck promised a fair and transparent selection of bidders for the scheme.
She invited the South Korean government to invest in Myanmar's massive deep-sea port and special economic zone project in Dawei, saying the country had high potential in heavy industries such as electronics, automobiles, processed foods and industrial machinery
She also persuaded Mr Chung to support and invest in the government’s proposed high-speed train network.
The four bidders in the water management scheme are K-Water from South Korea; Italian-Thai Development (ITD)-Powerchina Joint Venture; Summit SUT Joint Venture; and Loxley Consortium.
K-Water is the only contractor bidding for all 10 project modules.
The bidding results are expected to be announced early next month.