AoT plans land bidding this year

AoT plans land bidding this year

Airports of Thailand Plc (AoT) plans to organise a bid by the end of this year to find a concessionaire to develop one of two major plots of land adjacent to Suvarnabhumi airport for commercial purposes, in an investment project worth about 10 billion baht.

Several potential investors are interested in the two plots — 900-rai "Plot A" and 723-rai Plot B — which connect to a cycling track that runs around the airport, said Wichai Bunyu, AoT's senior executive vice-president for business development and marketing.

Due to interest in the project, the AoT is planning to conduct a forum to listen to business ideas from those interested in developing the land, he said.

The AoT will then select the most suitable idea and submit it to the AoT’s board for approval, before the terms of reference for the bid are drafted, he added.

Before the forum for Plot B can be held, the AoT expects to sign an MoU with other concerned parties regarding another 30-year extension of the agreement on the AoT’s use of the land, which is due to expire in 2032, Mr Wichai noted.
The other parties include the Treasury Department, which owns the land, the Royal Thai Air Force and the Department of Airports.

Only the concession to develop Plot B, worth 10 billion baht, will be provided via the bidding process this year, he said.
Plot A is waiting for the reassignment of colours according to a city zoning plan which is still underway.

Among the potential investors who have contacted the AoT to express interest in developing these plots are Central Pattana Plc, and industrial estate developer and operator Amata Corporation Plc, said a source.


Do you like the content of this article?
COMMENT

Rape victim's death fuels more outrage in India

NEW DELHI: A 23-year-old rape victim set on fire by a gang of men, including her alleged rapists, has died in a New Delhi hospital, prompting protests from opposition leaders who blamed authorities for failing to curb violence against women.

16:14

More heads roll over Harley smuggling in Indonesia

JAKARTA: The flag carrier Garuda Indonesia is suspending directors linked to the alleged smuggling of a Harley Davidson motorcycle by its chief executive, the airline’s chief commissioner said on Saturday.

15:56

Family of Myanmar insurgency leader detained in Thailand

Thai authorities confirm that they have detained the wife and children of a top commander of the Arakan Army, an insurgent group who are fighting for greater autonomy in Rakhine state in northwestern Myanmar.

15:08