The SRT board, the green light, extended the Hua Hin land lease agreement for 1 year, are preparing to negotiate, centralize the market with a capacity to invest $ 3.2 billion if they want to renew the lease for another 30 years
Mr. Worawut Mala, acting director the governor of the State Railways of Thailand (SRT), found that the Board of Directors (Board) SRT approved the temporary extension of the 1-year agreement on the Central Hua Hin Beach Resort. Restricted after the original agreement expired on May 15, which is now considered a border The Law on Joint Venture, 2019, abided by the Law on Railway Regulation no. 129 relating to the provision of benefits in kind. Therefore, the SRT enclosed a note regarding the Hua Hin Land Lease Agreement with the tenants of the facility and property. Hua Hin Railway Hotel Or Centara Grand Resort and Villas, Hua Hin, district of 71.65 Rai. After this, the SRT will speed up the preparation of the rules and regulations in accordance with the Joint Venture Law 2562 for support after the expiration of the original agreement. Then Before you negotiate with the tenants further. Regarding the rental rates under the new SRT regulations, this is the current market price. From the original that has been used for more than 30 years, which will definitely make the SRT have a higher income. Ready and negotiate with tenants It will be completed by September 2019. However, confirm that SRT is not beneficial to the private course.
The SRT news reports indicate that the SRT hired a consultant to evaluate the return of land Hua Hin. It will renew the lease for 30 years, which represents a total rental rate of 30 years, not less than 5,727 million Baht. Central will have to invest 3,200 million Bahts to build at least 100 additional 3-4 stars for other land lease agreements.