Expressway Authority of Thailand
Ministry of Transport
Market Sounding Documentation
For
Udonratthaya-Ayutthaya Expressway
Project
April 2015
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1. Introduction
Expressway Authority of Thailand (EXAT) realizes great
benefits of Udonratthaya-Ayutthaya Expressway Project as
the
infrastructure
development
for
transportation
of
Thailand. The beginning of the project is started at the end
route of the existing Udonratthaya Expressway and the end
of the project connects to highway No. 32 at Bang Pahan
District in Ayutthaya Province. Total distance of project is 42
kilometer. The objective of the project is to develop the
expressway network for the linkage of travelling and goods
transportation between Bangkok and Ayutthaya Province
and also including the provinces in the North of Thailand.
According to the Act on Private Investment in State
Undertaking B.E. 2556 (2013), EXAT would like to invite
private sectors to participate in giving suggestions and
opinions on the project investment forms. Market sounding
of
Udonratthaya-Ayutthaya
Expressway
Project
is
conducted to obtain suggestions and opinions in order to
implement this project efficiently. The information obtained
from investors will used for this project only.
2. Objectives
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The purpose of this market sounding is for market testing
on private sectors’ interest of Udonratthaya-Ayutthaya
Expressway Project’s investments. The suggestions and
recommendations from private investors will enhance
successful implementation of the project.
3. Target Groups
3.1 Thai or international company that operate and
maintain expressway projects
3.2 Thai or international private investors
3.3 Any
financial
institutions
that
are
interested
in
expressway projects
4. Project Details
4.1 Reason and Necessity
The demand volume of cargo and passenger between
Bangkok and Ayutthaya province has rapidly increased
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because of the development of land use such as Real
Estate and Industrial Estate sections. At present there
are very high traffic volumes on highway No. 32 which
is the main road to service the demand volume and the
traffic characteristic is not in good condition. Apart from
that, Ayutthaya province is also the location of much
tourist attraction such as Ayutthaya Historical Park,
Bang Sai Arts and Crafts Centre, Bang Pa-In Palace
etc. and every year there are a lot of tourists come to
visit. So the expansion of transportation network is
critical to serve that demand.
4.2 Alignment of Project
(1) Main line
The beginning of the main line of UdonratthayaAyutthaya Expressway Project is started at the end
route of the existing Udonratthaya Expressway at
Bang Pa-in District. The main line moves forward to
the North and parallels with highway No. 347 in the
west side. The main line is across Chaophaya River
at Kao Koet District and after that it passes through
the area of Ayutthaya Province. The main line will
connect to the highway in Ayutthaya Province, such
as highway No. 3442 highway No. 347 highway No.
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356 highway No. 3263 highway No. 309 highway No.
329. The end of the main line will connects to
highway No. 32 at Bang Pahan District and total
distance
of
Udonratthaya-Ayutthaya
Project is 42 km. as Figure 1.
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Expressway
Figure 1 Alignment of Udonratthaya-Ayutthaya Expressway Project
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(2) Typical Section of Viaduct Structure
The viaduct structure of Udonratthaya-Ayutthaya
Expressway Project is design T-shaped column and
I-Girder shape. It has 4-lane, (2-lane each direction).
Each traffic lane is 3.50 meters wide with outer
shoulder of 2.00 meters wide and inner shoulder of
0.50 meters wide as shown in Figure 2.
Figure 2 Typical Cross Section of UdonratthayaAyutthaya Expressway Project
(3) On-off ramp
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There are 8 locations of on-off ramp as shown in
Figure 3, as followed:
1) On-off ramp Bang Pa-in
2) On-off ramp Kanchanaphisek Road
3) On-off ramp Bang Sai Royal Folk Arts and Crafts
Center
4) On-off ramp Kao Koet Royal Folk Arts and Crafts
Center
5) On-off ramp Ban Klueng
6) On-off ramp Worrachet
7) On-off ramp Phut Lao
8)
On-off ramp Bang Pahan
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Figure 3 On-off Ramps of Udonratthaya-Ayutthaya Expressway Project
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4.3 Traffic Volume
The
traffic
volume
forecasting
of
Udonratthaya-
Ayutthaya Expressway Project show as follows:
Year
Traffic on the
expressway
(PCU/day)
2022
(Opening Year)
27,026
2026
31,153
2031
43,083
2036
55,176
2041
69,014
2046
78,906
2051
93,186
4.4 The toll collection
Toll
collection
of
the
Udonratthaya-Ayutthaya
Expressway Project is a close system
based on 42
kilometers distance. In the year 2022 (The opening year
to the traffic), the toll rate of each vehicles are as
follows:
Types of vehicle
Entry
Distance
Maximum
rate
rate
toll rate
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(Baht)
(Baht/km.)
(Baht)
4 wheels vehicle
35
0.50
55
6 to 10 wheels
70
1.00
110
105
1.50
165
vehicle
More
than
10
wheels vehicle
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Project
- Feasibility Study
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4.5 Project Implementation Plan
Udonratthaya-Ayutthaya Expressway Project has a plan to implement during fiscal year
2014-2022 and opens to the traffic in 2022 as follows:
2014
2015
2016
2017
- Land acquisition
- Construction (include detail design)
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2018
2019
2020
9months
8months
36months
2021
2022
2023
4.6 Project Investment Costs
An investment budget for Udonratthaya-Ayutthaya
Expressway project is approximately 3 1 ,432.51 Million
Baht consisting of:
- Land acquisition cost
- Construction cost
2,766.51Million Baht
28,666.00Million Baht
(Including detailed design and consultants cost)
4.7 The Economic Feasibility Study
Shows that the project will be worthwhile economically
as follows:
- Net Present Value (NPV) = 24,850.25 Million Baht (at
the discount rate of 12%)
- Economic Internal Rate of Return (EIRR) = 19.81
- Benefit Cost Ratio (B/C) = 2.22
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5. Scopes of Investment
The private sector who has been appointed by the EXAT as
a concessionaire of Udonratthaya-Ayutthaya Expressway
Project is obliged to carry out the following scopes of
project investment and the EXAT is obliged to perform the
following scopes of project investment:
5.1 The private sector who has been granted for a
concession is committed to project investment and
operation in 2 phases as follows:
Phase 1 Expressway Design and Construction
The concessionaire will be responsible for the design
and construction costs of Udonratthaya-Ayutthaya
Expressway Project and make it complied with the
concession agreement as well as provide installation of
Mechanical and Electrical system, toll collection system,
communication system, traffic control system and any
other systems as considered necessary.
Phase 2 Expressway Operations and Maintenance
The concessionaire will be responsible for the operation
cost of the expressway so that it can render service to
public in an effective way with safety according to the
international standard and the expressway can be
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maintained in good condition throughout the concession
period of the project.
5.2 The government will support for land acquisition cost in
relation to the expressway construction project while the
EXAT will assist in coordination with government
sectors as well as give all the possible supports to the
investor. So, it can be provided with maximum benefits
according to the law of investment promotion.
5.3 Concession Period: The concession period of this
project is 30 years beginning from the construction
period. The concession holder obtains the right to
receive the toll revenues generated from UdonratthayaAyutthaya Expressway Project and will have to pay a
portion of the toll revenues to the government as
mutually agreed in the concession agreement.
5.4 Project
Operation
Rules
Udonratthaya-Ayutthaya
and
Regulations
Expressway
for
Project,
Ayutthaya Province will be according to the Private
Investment in State Undertakings Policy Committee Act,
B.E. 2556 (2013), the EXAT Act, B.E. 2550 (2007) and all
the concerned rules, regulations and agreements.
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6. Private Partner Selection Criteria
A selection of the private partner for UdonratthayaAyutthaya Expressway Project will follow the Public Private
Partnership Act, B.E. 2556 (2013), while a Selection
Committee will be nominated by the EXAT to set up initial
selection criteria, as followed:
6.1 Qualifications of the Investor
The
concession
holder
must
possess
business
management skill and a good financial status with at
least 500 Million Baht paid-up registered capital. He/she
should has experiences and records of the design–
construction, project management as well as operation
and maintenance of the expressways.
6.2 Proposal Preparation
The interesting private partners will prepare proposals
in accordance with the requirements stipulated in the
proposal preparation documentation, arranged by the
Selection
Committee
of
Udonratthaya-Ayutthaya
Expressway Project, Ayutthaya Province.
6.3 Private Partner Selection Process for Build-TransferOperate (BTO) Concession
This is a concession given to private partner to operate
the expressway which will be in compliance with the
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Public Private Partnership Act, B.E. 2556 and the
Expressway Authority of Thailand Act, B.E. 2550
(2007).
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7.
Procedure in Market Sounding
The questionnaire responders are kindly requested to
fill in their ideas or suggestions and returned to the
following address, from 16th April to 24th April, 2015,
between 8.30 a.m. to 4.30 p.m. or send E-mail to
eta_planing@exat.co.th or
returned to the following
address from 16th April to 24th April 2015.
The Governor of The Expressway Authority of Thailand
Expressway Authority of Thailand
2380 Phahonyothin Road
Senanikom Chatuchak
Bangkok 10900.
With a word on the envelop corner “(Market Sounding)”
For more information, Please contact Tel. +66 2 558
9800 Ext. 2540
Fax +66 2 940 1226
EXAT will neither be responsible for the expenses
incurred from questionnaire responses nor committed to
taking
actions
according
to
the
suggestions
information provided by the responders.
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or
8. Questions
8.1 What form of investments are you interested in?
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8.2 Are you in interested in the investment of UdonratthayaAyutthaya Expressway Project? Please specify the scope
of your investment that you are interested in.
As a company that operates and maintains an
expressway
As a private sector
As a financial institution
Others; please specify
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8.3 Considering allocation of project funding, do you have any
suggestions, opinions, or requests for financial supports
from the government?
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8.4 As Thai government is responsible for providing land and
cooperating with facility agencies, do you have suggestions
and/or opinions in order to implement this project
efficiently?
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8.5 As Udonratthaya-Ayutthaya Expressway Project is a
megaproject
which
requires
tremendous
amount
of
investment, do you have any suggestions and/or opinions
in order to implement this project efficiently?
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8.6 Considering operation and maintenance of the project, do
you have any suggestions, opinions, and/or requests for
financial supports from the government?
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8.7 As this project shall follow Build - Transfer - Operate (BTO),
do you have any suggestions and/or opinions concerning
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reasonable financial return to the Thai government and
private sector?
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8.8 As Udonratthaya-Ayutthaya Expressway Project is a
megaproject, in order to implement this project efficiently,
do you think you should be offered some supports from the
government? If yes, please specify:
1) Privilege Tax/Account
2) Co-operations & supports from government agencies
3) Public concerns
4) Others
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8.9 Do you have any opinions and/or suggestions concerning
investors’ cost of capital and the proper figure for the rate of
return of this project?
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8.10 Do you have any opinions and/or suggestions on the
implementation plan of Udonratthaya-Ayutthaya
Expressway Project?
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8.11 Other suggestions
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9. Contact Details
Contact Name
:
Position
:
Company
:
Name
Company
:
Address
:
Telephone
:
Number
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Fax Number
:
E-mail Address
:
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