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$1.7bn Thai port project attracts 18 bidders

Country's big bet on its future faces stiff challenge from global trade tensions

Thailand wants to develop Map Thaput, Rayong Province, into a major deep sea port as part of a larger infrastructure drive to create a huge economic and business center in the east of the country.   © Reuters

BANGKOK -- Ten companies from Thailand and eight from elsewhere have expressed interest in bidding for 55.4 billion baht ($1.7 billion) worth of contracts to expand a deep sea port -- part of a huge infrastructure drive that Thailand is banking its future on.

PTT Global Chemical, Italian-Thai Development and Ratchaburi Electricity Generating Holding are among the big Thai companies that plan to put in bids for the Map Thaput mega project. The foreign companies include four from China: China Communication Construction, China Railway Construction, China Harbour Engineering and CHEC Thailand Co. There are also two based in the Netherlands, Boskalis International and Vopak LNG Holding. Japan's expected bidders are Tokyo Gas Co. and Mitsui & Co.

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