THURSDAY, March 28, 2024
nationthailand

Guidelines set for solving EXAT-BEM disputes

Guidelines set for solving EXAT-BEM disputes

The Transport Ministry will submit to the Cabinet tomorrow (December 24) details of the guidelines for settling the legal disputes between Expressway Authority of Thailand (EXAT) and Bangkok Expressway And Metro Plc (BEM).

The ministry's permanent-secretary Chaiwat Thongkamkoon has said that after more than eight rounds of negotiations to settle the issues, a conclusion was reached that EXAT would extend the concession terms for three expressway contracts for BEM in order to end the 17 disputes between them worth a total of Bt58.873 billion.
 If the guidelines are approved by the Cabinet, the ministry will assign EXAT to hold talks with BEM on the details.
 If accepted by BEM, a contract will be drawn up, to be examined by the Office of the Attorney General and the ministry. The ministry will then submit the final contract to the Cabinet.
 As part of the settlement, EXAT will extend the BEM concession term of operation of Part II Expressways (A, B, and C sections) by 15 years and 8 months from the original concession expiration date of February 29, 2020.
  It will extend the concession term of Part II Expressways (D section) by another eight years and six months from the original expiry date of April 22, 2027.
  The concession of the Bang Pa-in – Pakkred Expressway (C+ section) will be extended by another nine years and one month from the original ending of September 27, 2026.
  He added that these processes should be completed in Janauray .
  Both will also have to withdraw all 17 legal disputes before February 29, 2020. Of the total, 15 are complaints by BEM against EXAT.

TAGS
nationthailand