Hopewell's canceled deal underscores Asia project woes

Article Abstract:

Hopewell Holdings Ltd.'s contract to build a $3.2 bil mass transit system in Bangkok was discontinued by the Thai government. The project, named Bangkok Elevated Rail and Transport System(Berts), would help solve the city's major traffic dilemma. With the nation facing economic difficulties compounded by the baht instability in the currency market, infrastructure programs are the least of the government's major concerns. Investors feel that the Hopewell project cancellation forebodes other economic difficulties.

---

Foreigners contest award of Thai subway contract

Article Abstract:

The Thai government has postponed the approval of a controversial contract award to build Thailand's first subway system. The remaining qualified bidders consist of one foreign-led consortium and two of the country's most powerful construction companies. Ch. Karnchang PCL, a politically well-connected construction firm, submitted the winning bid but the final price has not been set. French and South Korean representatives have protested in writing over the bid.

Transportation Construction, Subways

---

Bangkok's mass-transit project is late, but Hopewell's contract stands firm

Article Abstract:

Hopewell Holdings Ltd., way behind schedule in its construction of a mass-transit system in Bangkok, Thailand, hopes to complete the first phase of the project by 1998. Despite its failure to complete the project on time, Hopewell's services have been retained by the State Railway of Thailand, which had earlier warned the company about the delay.

Design and construction, Light rail transit

Similar abstracts:

• Abstracts: New Zealand's political correctness finds many advertisers out of line. New China law spurs questions at ad agencies
• Abstracts: South Korea begins dismantling barriers to foreign role in construction industry. Store collapse in Seoul underscores need for drastic reform of building industry
• Abstracts: Paradise lost: Indonesian properties find new monikers to please Jakarta. Suharto gives grandson's national-shoe project the boot
• Abstracts: Proletarian blues: both woeful, neither workers nor unions are top dogs. You can't go home again
• Abstracts: Some disabled travelers in Asia find hotels are more accommodating. Discount frenzy pains Ho Chi Minh City hotels

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.