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Metro of the orange line Promote investment of 1.28 trillion baht
Date 06 Nov 2020 Time 16:23
Check the availability of the Orange Line train auction to stimulate investment of 1.28 trillion baht over the next 7 years.
Orange Line Metro (Bang Khun Non – Min Buri) is an important strategic route in addition to connecting Bangkok. East Coast and Bangkok West Side then Still connected to all train routes that are in service Including the route currently under construction. In addition, the West Orange Line auction (Bang Khunnon – Thailand Cultural Center), which will take place on November 9, will also stimulate investment in the economic slowdown with more than 1.28 million baht over the next 7 years. Economic and Business Research (EIC) Siam Commercial Bank estimates that the public and private sectors should consider three key areas to maximize the benefits of project development:
1. Development of connections at stations, intersections with the aerial train, other routes and other forms of transport.
2. Generate income from the commercial area around the station and find new commercial opportunities.
3. Control of expenses derived from the provision of services
West Orange Line auction (Bang Khunnon – Thailand Cultural Center) is back in the spotlight. After the Central Administrative Court issued an emergency protection order, the Mass Rapid Transit Authority of Thailand (MRTA) adheres to the original criteria in the project tender. This is a step-by-step consideration from the general qualifications of the private bidders. Followed by a technical proposal And finally, investment and profitability proposals
As of August 2020, the Private Investment Selection Committee pursuant to Section 36 of the State-Private Joint Investment Law BE Evaluation of the joint investment offer Technical proposals and investment proposals and returns are considered in set in a percentage of 30% and 70% respectively.
Metro of the orange line (Bang Khun Non – Min Buri) is considered an important strategic route. Because besides being a route that connects the east side of Bangkok (Khlong Sam Wa district, Min Buri district, Lat Krabang district) and the west of Bangkok (Bangkok Noi district), it is also a route that is connected to all electric train lines that are in service and under construction. At present, such as the Blue Line at Thailand Cultural Center Station and Bang Khunnon Station, the Airport Rail Link at Ratchaprarop Station, the Green Skytrain Line at Ratchathewi Station, the Pink Line at Min Buri Station, the yellow MRT line at Lam Sali station, etc. In addition to expanding the mass transport network to attract more passengers as a whole. It also increases the number of passengers (traffic) to be redirected around the intersection of the train station. (intersection) too
The Western Orange Line auction is a stimulus for the economy through a Public Private Partnership (PPP), where the successful bidder will be responsible for the western civil works, the electric train system and the entire train of approximately 1.28 thousand million baht. In exchange for the concession rights to travel the Orange Line along the line (both in the east and in the west) for a period of 30 years, with the government responsible for the expropriation of land and the support (subsidy) not to exceed the cost of civil works of approximately 9.6 billion baht. (Thai Cultural Center – Min Buri) and the western (Bang Khunnon – Thailand Cultural Center) of the Eastern Project is an underground and elevated train system. The total distance is about 22.5 kilometers, consisting of 10 underground stations and 7 elevated stations, the total investment value of about 1.13 billion baht (divided by the land expropriation fee 9.625 billion baht , the civil works and civil engineering consulting fee of about 82.9 billion baht and the Electric train and train system work and the system work consultation fee of about 20.75 billion baht) and construction have started since 2017, with the government investing in the land expropriation fee and the civil engineering and civil engineering consultation fee. West Orange Line It is a total underground track structure with a distance of approximately 13.4 kilometers and there are 11 underground stations with a total investment of approximately 1,200 million baht (divided by the land expropriation fee of 14,660 million baht, the civil engineering and civil engineering consulting fee of approximately 96,000 million baht and Electric train and train system work and system work advisory fee of approximately 11,370 million baht), which the west orange line will be auctioned on 9 November 2020 (2020).
After announcing the winner of the private auction Investments of more than 288 billion baht will flow to the investment advisor, construction consulting business. Construction business Construction materials business Metro system business Electric train business What will it cause? Spending money on trade in goods and services. Employment in these businesses included a spillover effect in other businesses prior to the start of the eastern segment in 2024 and operating in both the East and the West in 2027 (2027). 2570 BCE)
However, the EIC estimates that the public and private sectors, the providers of the Orange Line, should consider three key areas to maximize the benefits of project development:
1. Development of connections at stations, intersections with the aerial train, other routes and other forms of transport.
2. Generate income from the commercial area around the station and find new commercial opportunities.
3. Control of expenses derived from the provision of services, development of connections in stations, intersection with other electric trains, other routes and other forms of transportation systems. With the nature of the Orange Line train project with many intersecting stations, it is likely that there will be a large number of passengers coming to use the service. Therefore, the development of the project must be designed to adapt to the change of passenger routes to make it more convenient. Do not confuse passengers AND the establishment of a connection system with other forms of transport, such as buses and boats, should be coordinated in terms of boarding / disembarking and bus schedules. To facilitate travel Also, plan a future common ticket system where governments and concessionaires should plan to use a single ticket for their trips. Both electric train lines and other modes of transportation must also be prepared to determine the appropriate common rate. Currently, the SkyTrain rate structure consists of 2 parts: 1. Rates. First enter the electric train system on each route; and 2. rates that vary by distance
Due to the large number of connection points with other SkyTrain routes, the determination of the entrance fee for the Orange Line must be considered with other electric train operators to establish a reasonable and fair price with Passengers, generating income from the commercial area around from the station and finding new business opportunities. In the period of operation, in addition to revenue from tariffs, which is the main private income of the concessionaire, operators must focus on the development of commercial areas to generate additional income. For example
1. Rent space to sell products To store luggage and packages around the skytrain station Especially at the intersection station. Which has the opportunity to become a central transport (hub) with crowded passengers
2. Revenues from advertising around stations and trains The generation of these revenues is an important factor that will increase the revenues of the private sector.
3. Establishing partnerships to develop new business models is another important factor in building future business sustainability. For example, in the case of Birmingham New Street train station in England, a partnership with Vodafone, one of the world’s leading providers of Telecommunication in the world To enable 5G technology to support the foundation of an intelligent transport management system that be a component of smart city development and promote the adoption of technologies such as Artificial Intelligence (AI), Internet of Things (IOT) and robotics to develop new business models.
Control of expenses derived from the provision of services During the construction period Although the private sector is an investor in civil works, electric train systems and electric trains But the government still has to provide financial support according to the amount that the private sector has requested in the auction, but does not exceed the cost of civil works (about 9.6 billion baht) from the second year. Cash flows can partially alleviate expenses during construction.
During service Due to the nature of the Orange Line project, which has 21 underground stations out of a total of 28 stations, the concessionaire’s private sector requires more maintenance than the elevated tracks. For example Ventilation system Air conditioning system In addition to maintaining the infrastructure such as tunnels, tracks and underground stations, the operation and maintenance costs of the subway are higher than those using elevated tracks. This is a challenge in future project management that should not be overlooked. Initially Concessionaires should consider studying energy saving methods in stations and feasibility studies of the use of alternative energies such as solar cells, which have begun to conceptualize the installation in railway stations in countries like England, Norway, India. Reduce energy costs in the future
The development of the Orange Line project is another large-scale infrastructure project that is an important strategic route affecting the public transportation system in and around Bangkok. Therefore, the preparation and study of the development impacts of the project is important to provide the maximum benefit to both the public sector. Dealer and the general public in the future
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