The BGSR Consortium (BGSR), comprised of GULF, BTS, STEC, and RATCH, is set to sign a combined 39 billion baht contract for the O&M of two motorway routes. The Notice to Proceed (NTP) is expected to be issued no later than November. In the meantime, GULF is slated to commence commercial operation of the second unit of the GSRC power project on October 1, 2021, with a total capacity of 662.5MW.
Transport Minister Saksayam Chidchob announced that the Department of Highways will sign an operation and maintenance (O&M) contract with the BGSR Consortium (BGSR) (consisting of BTS Group Holdings Plc. (BTS), Gulf Energy Development Plc. (GULF), Sino-Thai Engineering & Construction Plc. (STEC), and Ratch Group Plc. (RATCH)) today (September 29) for two motorways; the Bang Pa In-Nakhon Ratchasima and Bang Yai-Kanchanaburi routes.
These two projects have a combined budget of 39,138 billion baht, with Bang Pa In-Nakhon Ratchasima costing 21,329 million baht and Bang Yai-Kanchanaburi costing 17,809 million baht.
Sarawut Songsiwilai, Director-General of the Highways Department, stated that following the signing of the O&M contract, the Department of Highways and the contractors will jointly survey both motorway routes to examine assets prior to handing over the projects. The Notice to Proceed (NTP) is anticipated to be issued no later than November, 15 days ahead of the start of construction in December 2021.
According to the opening schedule, both routes will be completed in mid-2023, with trial service beginning in late 2023 and full commercial service beginning in 2024.
At the same time, Gulf Energy Development Public Company Limited (GULF) revealed that, in addition to signing an agreement with the Department of Highways and BGSR for the operation and maintenance of two motorway projects totaling 96 kilometers and costing a combined 39 billion baht, the company, in the second half of 2021, will recognize the revenue of the GSRC power project’s second unit, with an installed capacity of 662.5MW. The Commercial Operation Date (COD) is scheduled on October 1. For the GSRC project unit 3 and 4, CODs are scheduled in March 2022 and October 2022, respectively.