THE PAVILIONS PHUKET BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
Login | Create Account Poll Currency Weather Facebook Youtube Search

Critics slam river tower construction

BANGKOK: Critics have slammed a B4.62-billion observatory tower project in the Klong San area, saying government-owned riverside land where the structure will be located will be set aside to serve the interests of the private sector.

constructionlandpolitics
By Bangkok Post

Thursday 29 June 2017, 08:44AM


An observatory tower is slated to be built on land in the centre of this photo, next to the Iconsiam project (right) a mixed-use project being built next to the Chao Phraya River in Bangkok’s Klong San area. Photo: Pattarapong Chatpattarasill

An observatory tower is slated to be built on land in the centre of this photo, next to the Iconsiam project (right) a mixed-use project being built next to the Chao Phraya River in Bangkok’s Klong San area. Photo: Pattarapong Chatpattarasill

The project, located in Charoen Nakhon Soi 7, next to the Chao Phraya River, made headlines after the cabinet on Tuesday (June 27) approved the construction of the 459-metre, 29-storey tower.

The tower would sit on the Treasury Department’s four-rai land plot, worth B198.41 million. It will be developed by the Bangkok Observation Tower Foundation.

Treasury Department director-general Patchara Anuntasilpa said the project will be for social benefits and there is no need for bidding. The department would earn B70mn from a 30-year land lease.

Panit Pujinda, an assistant professor at Chulalongkorn University’s Faculty of Architecture, said on Facebook the opportunity loss for the use of the land is substantial.

He countered the government’s assurance that the project would be wholly funded by the private sector, saying this condition should not hinder the government from reining in the scheme.

Mr Panit questioned whether the area should be given over to the public, where Thai and foreigners can enjoy traditional activities on a horizontal landscape without having to pay fees to enter.

Referring to the tower project, he said the audience will be charged expensively in line with the construction cost. The project developer would set aside only a small part of the earnings after cost deduction for donations it claimed it would make, the academic said.

Registered in 2014, the Bangkok Observation Tower Foundation was originally chaired by Visit Malaisirirat, CEO of Magnolia Quality Development Corporation Co, the property development arm of Charoen Pokphand (CP) Group. The position was later taken over by former Finance Minister Panas Simasathien.

EPL Prediction Competition 2018-2019

The foundation’s directors include representatives from Siam Piwat Co, the operator of Siam Centre and Siam Discovery.

Meanwhile, Magnolia, Siam Piwat and CP group are the joint developer of Iconsiam, a mixed-use project by the Chao Phraya River scheduled to launch by the end of this year. The project is next to the planned tower. In the promotional material of Iconsiam released in April, it wrote, “prepare for the 7th Wonder of ICONSIAM. An Iconic Landmark that will be a symbol of national pride,” without elaboration.

Finance Minister Apisak Tantivorawong said the government does not have to pay any money for the project, which is set aside for social interest.

The profits from the project must be set aside for social activities, he said, adding the project is financially supported by more than 50 private entities, which formed the foundation. Around B2bn could be raised from the funding of the B4.6bn project and the rest will be drawn from loans, he said.

Meanwhile, Prime Minister Prayut Chan-o-cha insisted the project requires no allocation of budget from the government. He said the administration realised this project would serve as a symbol of Bangkok and there is also a museum inside highlighting Thai history and the monarchy.

“This is not a matter of business. The government considered that we should work with them [the private sector] without having to pay any money,” said Gen Prayut.

Read original story here.

 

 

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

Comments Here:
Comments Left:
# Characters
Username:
Password:
E-mail:
Security:

Be the first to comment.

Have a news tip-off? Click here

 

Phuket community
Thailand tourist arrivals still climbing

Confusing. Tourist numbers are climbing? Yet the last article right before this one is about visa fe...(Read More)


Raikkonen wins thriller to put Hamilton championship on hold

Is F1 real racing? In almost every race, the top finish at the finish are in the same position they...(Read More)


Man blames slippery road for near-bridge crash

Funny. Maybe, just maybe, ne was driving too fast for the conditions....(Read More)


Phuket Robinson launches ‘Lingerie Sharing” project

Haven't you woken up to the fact that it's an advertising gimmick....(Read More)


American tourist in ICU after Krabi rock climbing fall

Absolutely. Scenarios differ. One is an accident the other recklessness. If idiots choose not obey s...(Read More)


Phuket Robinson launches ‘Lingerie Sharing” project

Point is: Women in prisons have not the freedom to take care there own health. Once they check in i...(Read More)


Phuket Opinion: A question of faith

Well said, as most of us intelligent people know.. however, some choose not to understand the origin...(Read More)


Suvarnabhumi’s new terminal designer set to sue

How can any bid even be accepted never mind win if it doesn't include a price? Also. Corrupti...(Read More)


Ministry backtracks on visa fee waiver plan

Visa waver,...YES.. Visa waver,...NO.. All on the same day. When they start all together thi...(Read More)


Nappy change: Dutch to turn diapers into furniture

A great recycling process. Recycling = making money/good business. When thai follow with recycling ...(Read More)


 

Melbourne Cup 2018