The Phuket News Premier League predictions The Phuket News Kata Rocks The Phuket News Outrigger Koh Samui Beach Resort
The Phuket News Thailand News
The Phuket News Phuket | Thailand | World | Business | Q&A | Weird World XML, RSS, Feed
The Phuket News The Phuket News
The Phuket News

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.

construction, land, politics,


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.

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.

 

 

The Phuket News
The Phuket News
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:
Username:
Password:
E-mail:
Security:
    Forget your password?

Be the first to comment.

The Phuket News
The Phuket News The Phuket News The Phuket News
The Phuket News
Share this
The Phuket News
Have a news tip-off? Click here
The Phuket News
Related stories
The Phuket News
Phuket community

Recent Comments


Defamation charges dropped against BBC reporter Jonathan Head

"i don't complain about everything!" really?? Yep crazy that someone convicted and sentenced so therefore guilty then the lawyer clai...(Read More)


Defamation charges dropped against BBC reporter Jonathan Head

I'm glad that the charges have been dropped against Jonathan Head, they were misguided. Thank you PN for your new stance on comments as the consta...(Read More)


Defamation charges dropped against BBC reporter Jonathan Head

What a relief for Mr Head. This entire case has been a travesty. The lawyer who brought the charges against him was proven to be guilty in another rul...(Read More)


Canadian tourist charged for killer Phuket U-turn

.....and lets not forget about the unfortunate man riding the "big bike". A broken leg and maybe a whole lot worse. As for me, I can envisag...(Read More)


Defamation charges dropped against BBC reporter Jonathan Head

Bad idea PN.It would be more interesting to see how many people would still comment here if they had to give their real names.Guess the thai bashing w...(Read More)


Phuket rescue workers appeal to Chinese gods for a ‘safer’ Patong Hill

Great decision to allow all those intolerant comments without being personally countered.Not believing in it is one thing,but openly ridicule it?Sure ...(Read More)


Canadian tourist charged for killer Phuket U-turn

Finally all those supremacists and wisenheimer can spill their ideology all over this site without getting countered.Great decision PN....(Read More)



Patong residents plea against forced evictions for B6bn tunnel

Thai logic, spend 6bn on a tunnel rather than admit they can't drive to world standards and do something about it....(Read More)


Patong residents plea against forced evictions for B6bn tunnel

Due to the growing unsavoury tone of many comments posted alongside our stories, The Phuket News is now not allowing ANY comments that mention any oth...(Read More)

The Phuket News
Bangkok Hospital Phuket
PHUKET NEWS
Phuket
Thailand
World
Business
Q A
Weird World
ARCHIVE
POLL
CURRENCY
WEATHER
PHUKET TIDE TABLE
The Phuket News PHUKET LIFE
Phuket Arts
Phuket Community
Phuket Culture
Phuket Dining
Phuket Education
Phuket Entertainment
Phuket Environment
Phuket Health
Phuket People
Phuket Technology
Phuket Travel
Photo Galleries
COLOURING BOOK
The Phuket News PHUKET SPORT
Phuket
Thailand
World
SURF REPORT
PREDICTIONS
The Phuket News PHUKET CLASSIFIEDS
Phuket Buy and Sell
Phuket Jobs
Phuket Property
Phuket Cars and Boats
Phuket Community
Phuket Services
SEARCH CLASSIFIEDS
POST CLASSIFIED
The Phuket News The Phuket News PHUKET EVENTS
Phuket Event listings
Phuket Event calendar
Buy Tickets
POST EVENT
The Phuket News PHUKET DIRECTORY
Phuket Bars, pubs and clubs
Phuket Hotels and villas
Phuket Restaurants
Phuket Yellow Pages
POST LISTING
The Phuket News BARGAINS
The Phuket News ABOUT US
The Company
Distribution points
Subscribe
Advertise with us
Pay for advert
Contact us
CONTESTS
Content Google Map
Site map
Australian Visa Services
 
Currency - The Phuket News   Weather Report - The Phuket News   Surf Report - The Phuket News
LinkedIn - The Phuket News   Twitter - The Phuket News   YouTube - The Phuket News   Facebook - The Phuket News
Copyright © 2017 Class Act Media. All rights reserved. | Website usage terms and conditions | Privacy and Confidentiality Statement.