By The Nation
BBS Joint Venture was chosen for the projects as it offered the highest returns to the state from among rival bids.
The BBS Joint Venture includes Bangkok Airways (which has a 45 per cent stake), BTS Group Holdings (35 per cent) and Sino-Thai Engineering and Construction (20 per cent).
On June 2, the Cabinet agreed with the result of the private-sector selection to join the project and assigned the EEC Policy Committee to sign the joint venture with the selected companies.
U-Tapao International Aviation Ltd, which has been established from the joint venture, is reportedly ready to sign the contract with the committee in June.