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The State Railway of Thailand opened the bidding for two contracts worth Bt10.5 billion to construct a double-track railroad from Chachengsao-Khlong 19-Kang Koi Chachoengsao through Khlong 19 to Kang Koi. The first contract worth Bt9.92 billion saw six firms competing and the winner offered Bt9.82 billion. The second contract worth Bt598.6 million drew four firms. The winner quoted Bt407.04 million.

They were AS Associate Engineering (1964), Sino-Thai Engineering and Construction, Italian-Thai Development, Unique Engineering and Construction, TC Joint Venture and CKCH Joint Venture.

The bidders were Right Tunnelling, TC Joint Venture, Nawarat Patanakarn and Italian-Thai Development.

The SRT said it would release the names of the winners the next time, according its press release yesterday.

Rotten rice auctioned

The Commerce Ministry is set to open bidding for 37,412 tonnes of rotten rice on December 1, the first auction for deteriorated rice from the government’s stocks.

Duangporn Rodphaya, director-general of Foreign Trade Department, said yesterday the spoiled rice will come from seven warehouses and be sold only to non-food industries or biomass producers.

The grains are low in quality after being stored in bad conditions for years.

To ensure that this lot will not be used for consumption, the government will stringently control shipping from warehouses to processors. The government will bargain for the best return, even though it admits that the price will be quite low.

lafarge acquires holcim

Lafarge Malaysia acquired Holcim (M) from PT Holcim Indonesia for 325.5 million ringgit (Bt2.7 billion) on Monday. -The Star, ANN.