TEAM Consulting Engineering and Management Public Company Limited (TEAMG) has announced another acquisition of consultancy contract to prepare the study and detailed design to analyze, support and evaluate the improvement of Motorway networks, in accordance with Annual fiscal budget year 2019, with Department of Highways (DOH) as the project owner, in order to establish the essential masterplan for the 20-year development of Motorways between 2017 – 2036 which aim to be consonant with the growing traffic and logistics demand. The contract has 360 days of operation period.
On February 6, 2019, TEAMG had signed the 180 days consultancy contract to prepare Feasibility study for supporting the construction of Doubletrack railway, route coverage from Si Racha junction – Rayong and Map Ta Phut – Rayong – Chantaburi – Trat – Khlong Yai, with State Railway of Thailand (SRT) as the project owner.
The share rose ฿0.16 or 8% to 2.16/share with 62.3 million baht in value on the day that the announcement was made. On February 11, 2019, TEAMG closed flat at ฿2.10/share with 2.2 million baht in value.