Strongbox clinched Thai international airport expansion deal

Strongbox wins contract to supply industrial equipment for the $9 billion U-Tapao International Airport Expansion in Thailand.
 
CENTRAL, Hong Kong - Sept. 7, 2020 - PRLog -- Strongbox has signed contract to supply construction machinery to build $9 billion U-Tapao International Airport Expansion in Thailand. U-Tapao International Airport and Eastern Airport City Development Project are ones of the vital infrastructure projects of Eastern Economic Corridor (EEC) to uplift U-Tapao Airport to be "the 3rd International Commercial Airport of Bangkok" linking with Don Mueang International Airport and Suvarnabhumi International Airport through the high-speed train, making the 3 airports capable of handling a capacity of up to 200 million passengers annually.

Kanit Sangsubhan, Secretary of the EEC, mentioned that the U-Tapao International Airport and Eastern Airport City Development Project are massive projects with an investment value of $9 billion, tax revenue of more than $1.9 billion, job creation of over 15,000 positions per year for the first 5 years, advanced technology and human resource development in aviation and related businesses.

Kanit stated "The Project will attract investments from both domestic and international private parties which is beneficial to the Thai people and the country as a whole."

Moreover, the project also has the Commercial Gateway of 400,000 square meters which includes duty free area, shopping arcade, restaurants, hotels as well as Business Park and Airport City covering 1 million square meters which will include shopping centers, exhibition centers, and office buildings.

Pierre Rolland, spokesman of Strongbox, highlighted the opportunities to invest in this project: "We are very excited and honored that Strongbox is playing a crucial role in this huge project with the Thais. It will require hundreds of machines working day and night for years. The returns are extremely good and will be sustainable for the duration of the project which ends in 2055 with the completion of all 4 phases. Strongbox is proud to contribute to this massive project with our Thai partners and Thai people."

ABOUT STRONGBOX

Strongbox
is the first choice of construction companies seeking to rent construction equipment in China, South Korea, Japan and South East Asia. Strongbox supplies construction equipment for airports, urban rail, canals, and intercity railways among others.

72% of all construction equipment is rented, and Strongbox provides a complete range of construction machines which are essential to any construction project.

Find out more at: https://strongboxcompany.com/

Contact
Pierre Rolland
pierre.rolland@strongboxcompany.com

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Strongbox Company
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Tags:Leasing
Industry:Investment
Location:Central - Hong Kong Island - Hong Kong
Subject:Projects
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