Government To Proceed With New Bangkok Observation Tower

29 Jun 2017

Plans to build a new observation tower in Bangkok along the Chao Phraya River were approved by the government this week, according to media reports. The project will cost THB 4.6 billion to build and construction will begin without a call for bids.

The cabinet decided to follow the Treasury Department’s proposal to not conduct bidding for the project due to a lack of interest from construction firms as well as a fear that delays that could side track the tower from being completed, says Athisit Chainuwat, Assistant to the Government Spokesman, to the Bangkok Post.

The project was originally approved in December of 2016, as the government wants to create a new landmark along Bangkok’s waterfront. Construction of the 459-metre tower has not begun and the government thinks the project can get started sooner by bypassing bidding.

A land plot near the Chao Phraya River on Soi Charoen Nakhon 7 in the Khlong San district has been chosen by the Treasury Department for the observation tower. The government hopes the tower will be a place that excites tourists and becomes a must visit destination. It will also showcase royal projects of the late King Bhumibol Adulyadej.

Estimated revenue from admission fees at the tower is THB 1.1 billion per year while it is expected to cost THB 892 million each year to keep the tower operational. The admission fee for the observation deck will be THB 750 while Thai visitors will receive a discount.

The cost of construction is set to be financed by the Bangkok Observation Tower Foundation with loans from financial institutions and donations. The Treasury Department will also co-invest in the project, according to local media.

No one has been picked to build the tower, but before being selected, a company needs to show a blueprint that includes proposals for traffic management, environmental conservation and community development to both the Finance Ministry and Treasury Department.

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