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SRT studies alternative plans for Bang Sue Grand Station after no show of interested bidders

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SRT studies alternative plans for Bang Sue Grand Station after no show of interested bidders | The Thaiger
PHOTO: Bang Sue Grand Station
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There seems to be little interest in the new Bang Sue Grand Station project, which is planned to be Thailand’s new railway hub in place of Bangkok’s Hua Lamphong Railway Station and the largest railway station is Southeast Asia. Bidding for the station’s Plot A opened 3 weeks ago, with envelopes each costing 500,000 baht, but not one was sold.

With the bidding closing in January and no interest so far, the State Railway of Thailand is finding alternative plans for the Bang Sue Grand Station’s Plot A, a source told Nation Thailand.

“It is believed that nobody has shown interest in the project because of the new wave of Covid-19 infections. Also the Plot A project has low potential for commercial profit as an elevated expressway passes over it and it has limited access.”

If no one buys a bidding envelope in the next 10 days, then the bidding will close and the SRT will make changes to Plot A’s development plan. The source told Nation Thailand that railway officials might make the site a SRT office building or let other state agencies rent the land, which would not require any more bidding.

SRT is also studying any possibility to pack Plot A into Plot E which has a greater potential for commercial profit and may attract more bidders.

SOURCE: Nation Thailand

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5 Comments

5 Comments

  1. Avatar

    RametinNonta

    Tuesday, January 19, 2021 at 7:33 pm

    To say that the SRT is mismanaged is to be kind.

  2. Avatar

    Ian

    Wednesday, January 20, 2021 at 12:39 am

    Get a new government and then watch the money come rolling in as nobody in thier right mind would invest in Thailand at present unless you got loads of money to buy up hotels at bargain basement prices and sit on them for a few years until normal sanity has resumed.

    • Avatar

      James Pate

      Wednesday, January 20, 2021 at 7:30 am

      That’s about right. The bidding should be put on hold for now. Could be an ideal location for budget hotels and shops for travellers. “Normal sanity”? You do remember which country you’re in, right???????

  3. Avatar

    Toby Andrews

    Thursday, January 21, 2021 at 1:27 am

    What is a bidding envelope? It it just a right to bid, and if the bid fails is the bidding envelope money returned.
    If not, no wonder there are no bidders.

    • Avatar

      James Pate

      Thursday, January 21, 2021 at 9:23 am

      No. The money is not returned. Serious players only.

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