New price negotiations for the procurement of 489 NGV buses could be made between private companies and the Bangkok Mass Transit Authority (BMTA) if there are still no new bidders by Thursday, Transport Minister Arkhom Termpittayapaisith says. The project has been blighted by its current median price of 4.02 billion baht, which is considered a very low one for potential suitors, most of which are private companies. Tomorrow, the BMTA will invite nine private companies to join the bidding in its auction while trying to adhere to the same 4.02-billion-baht median price, Mr Arkhom said. The procurement of the 489 NGV buses was earlier tipped by Prime Minister Prayut Chan-o-cha to be concluded by this year. BMTA deputy director for bus operations Prayoon Choygeo said discussions with domestic and international private companies have led to the conclusion that the project's median price is indeed considered low.

Source: Bangkok Post December 05, 2017 21:22 UTC