Cabinet approves GULF-PTT group to develop Map Ta Phut Port Phase 3 – Hoonsmart

News from the Government House revealed that the Cabinet meeting (Cabinet) on 24 September 2019 approved the results of private selection, negotiation results, and the draft contract for the Phase 3 Map Ta Phut Industrial Development Project, according to the Office of the Commission. Policy for Special Economic Development Zone in Eastern Region

The selected companies are Gulf Energy Development Company (GULF) and PTT Tank Terminal Company Limited, a company in the PTT group of companies. . (PTT), with the Industrial Estate Authority of Thailand (IEAT) paying the government joint investment of 1,010 million baht / year and receiving the royalties from private sectors, the Gulf Joint Venture And PTT Tank in the amount of 300 million baht / year, representing the joint investment paid to the private sector 710 million baht / year for a period of 30 years

Previously, Gulf Together with the BTS group Bidding for the special intercity highway system (Motorway), the lowest of both lines, expected to win the bidding of 61 billion baht