to allow private sector commercial development worth 68
billion baht on 218 rai of the 305.5 rai Bang Sue
railway
compound,said Omsin Chiwaphruek,SRT chairman.
He expected tenders for the project would be call in
2009,
the winner would have the right to rent the commercial
zone for long-term development and operation.
An initial development ,to be called the Smart Business
Complex,on 35 rai south of Bang Sue station was expected
to open around 2023.
Other development planned over a 15 year period are
an Asean commercial and Business hub on 78 rai,
about 700 metres from Chatuchak market,and the Smart,
Healthy and Vibrant Town on 105 rai where the Mor Chit
bus
terminal is now sited.
The SRT introduced its plan to the private sector at
meeting
on Wednesday to sound out recation.
The commercial development will include office building,
department stores,residential building ,recreational
zones
and park –and- ride areas.
The Bang Sue railway compound would be developed as
the hub for all kind of railway services including
high-speed
trains,and also be connected to expressways and main
road,
said Mr Omsin.
The railway hub development ,there was being delayed
because the design need to be changed also accommodate
high –speed train.
The new railway service zone of the Bang Sue complex was
scheduled to open in 1019,he said.
Pornarit Chonchaisith,president of the Thai Real Estate
Association ,said investors want the SRT to extend the
lease period from 30 to 99 years to make the property
development deal attractive.
News from Bangkok Post,6 August 2015.
The State Railway of Thailand (SRT)
important financial
Report for quarter 1 of 2015
Million baht
%change from q1, 2014
Accumulated profit loss (123,265) 47.2%
Operating revenue 3,876 58.6%
Net profit loss (3,738) 1.0%
Financial Ratio Q1,2015
ROA (2.96%)
ROE
(4.31%)
D/E ratio 0.45
Net profit margin
(80.52%)
In conclude there is continuous operating
loss,inefficient
in management of assets and there must be administration
restructure for effective management.
In my viewpoint, the private sector commercial
development
worth 68 billion baht is a very big project.
For there are many big commercial place operated in
Bangkok
now,to develop more project must think carefully for the
return
from investment.
Term and condition that SRT set with private sector
should
analyze to optimize
for return to SRT which is one of the
State Enterprise that can provide source of revenue to
the
government if the unit can gain profit from operation.
Hope for beautiful Bangkok to live happily together.
Sincerely Yours.
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