Collapsed platform brings abandoned Hopewell back in public eye – The Nation, March 8, 2012
…First, Hopewell (Thailand)’s demand for compensation of Bt12 billion for unfair trade practice after the SRT cancelled the contract, leaving the project partconstructed. The amount claimed is not only to compensate for the partial construction, but also because the government now plans to use the construction to proceed with the Red Line commuter train project.
Second, the SRT in turn is seeking Bt200 billion in compensation from Hopewell in return for business opportunity losses from land development along the 26-kilometre Bang Sue-Rangsit route, as well as benefit-sharing from the project.
Third, there are the SRT’s costs in having to pay a surcharge to the Japan International Cooperation Agency (Jica) after missing loan repayment as scheduled under the contract. So far, the agency has had to pay a surcharge of Bt33 million.
Finally, the pending ruling will delay Red Line route construction, as Hopewell and the SRT have not been able to reach a compromise…
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