Italian-Thai Development Pcl (ITD) is the leading bidder for 110 billion baht ($3.6 billion) of water-management projects planned in the Southeast Asian nation after the worst flooding in 70 years.
Thailand’s biggest construction company by sales received the highest technical marks for the five projects and offered pricing that didn’t exceed the ceiling, said Tongthong Chandransu, permanent secretary in the prime minister’s office.
The projects, to be built in five years, include contracts to build reservoirs in the Chao Phraya basin, a command center for water management and other structures to control floodwaters.
Korea Water Resources Corp. and a group led by Bangkok-based Loxley Pcl (LOXLEY) may also win projects, Chandransu said.
The government plans to spend as much as 350 billion baht on efforts to prevent a repeat of the 2011 damage when floodwaters inundated parts of the capital Bangkok, shuttered more than 800 factories and disrupted global supply chains.
The cabinet will approve the winners shortly because loans to finance the projects must be completed by the end of this month, said Niwattumrong Boonsongpaisan, minister to the prime minister’s office.
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