After the worst flooding in 70 years in the Southeast Asian nation, Italian-Thai Development Pcl (ITD) leads the bidding with 110 million baht of water-management programs planned.
According to Tongthong Chandransu, the prime minister's office's permanent secretary, Thailand's largest construction company by sales acquired highest technical marks for the five projects. The company offered pricing that was reasonable.
Included in the projects that are to be built in five years are contracts to construct reservoirs in the Chao Phraya basin, building a command center for water management and other structures that will help control floodwaters.
According to Chandransu, Korea Water Resources Corp. along with a group headed by Bangkok-based Loxley Pcl (LOXLEY) may also have the chance to win projects.
Due to the damage incurred in 2011, the government plans on spending as much as 350 million baht on projects that will aid prevent the occurrence of such floods that affected not only Bangkok but also the rest of the world.
By the end of this month, considering the completion of loans to finance projects, the cabinet will already approve winners. This is according to the minister to the prime minister's office, Niwattumrong Boonsongpaisan.
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