Khajorn O&M Contract Amendment for M6 Motorway to Address Land Handover Delays

MGR Online•Economy•9h ago

Reader Briefing

The Thai Cabinet has approved an amendment to the O&M contract for Motorway M6, allowing for partial advance payments to the private operator before service commencement to mitigate issues caused by a 25-month delay in land handover.

•The Thai Cabinet approved an amendment to the O&M contract for the M6 Bang Phaein-Nakhon Ratchasima Motorway.
•The amendment allows for partial advance payments to the private operator before the service launch.
•This change aims to address delays in land handover by the government, which amounted to 25 months.
•The early payments will be made from a toll fee fund and will not exceed the original proposed amount, maintaining overall project cost stability.

Overview

•On February 17, 2026, the Cabinet of Thailand convened to address the M6 Motorway O&M contract.
•The Ministry of Transport proposed an amendment to the O&M contract for the M6 Motorway to the Cabinet of Thailand.
•The Cabinet of Thailand approved the amendment to the O&M contract for the M6 Motorway, allowing for partial compensation payments before service commencement.
•The land handover for the M6 Motorway project was delayed by approximately 25 months, impacting the private sector's financial obligations.
•A payment of approximately 128.55 million THB for completed O&M system work as of January 10, 2025, will be made.
•The M6 Motorway is a 196-kilometer project under a PPP Gross Cost model with a concession period of up to 30 years.
•The private operator will receive partial compensation payments for completed work, preventing potential impacts on their loan repayments to financial institutions.
•The proposed contract amendment has been reviewed and approved by the Committee for the Promotion of Public-Private Partnerships.

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Key Quotes

Lalida Phraesawivuttum

"This is not considered an additional compensation payment, but rather an adjustment to the timing of partial compensation payments to maintain the project's financial stability."

ไม่ถือเป็นการจ่ายค่าเสียหายเพิ่มเติม แต่เป็นการปรับจังหวะเวลาการจ่ายค่าตอบแทนบางส่วน เพื่อรักษาเสถียรภาพทางการเงินของโครงการ

Key Entities

Organization

Cabinet of Thailand(ครม.)ℹ️

The governmental body that approved the amendment to the M6 Motorway O&M contract.

Ministry of Transport(กระทรวงคมนาคม)ℹ️

The governmental ministry that proposed the amendment to the M6 Motorway O&M contract.

Department of Highways(กรมทางหลวง)ℹ️

The government agency responsible for the civil works of the M6 Motorway and for handing over land to the private operator.

Committee for the Promotion of Public-Private Partnerships(คณะกรรมการนโยบายการร่วมลงทุนระหว่างรัฐและเอกชน)

The committee that considered and approved the M6 Motorway O&M contract amendment.

Place

M6 Motorway(มอเตอร์เวย์ M6)ℹ️

The specific expressway project located between Bang Phaein and Nakhon Ratchasima, which is subject to the O&M contract amendment.

Law

O&M Contract(สัญญา O&M)

The Operation and Maintenance contract for the M6 Motorway that has been amended by the Cabinet.

Public-Private Partnership Act B.E. 2019(พระราชบัญญัติการร่วมลงทุนระหว่างรัฐและเอกชน พ.ศ. 2019)

The law under which the Committee for the Promotion of Public-Private Partnerships operates and which governs the M6 Motorway project.

Person

Lalida Phraesawivuttum(นางสาวลลิดา เพริศวิวัฒนา)

Deputy Government Spokesperson for the Office of the Prime Minister who announced the Cabinet's decision regarding the M6 Motorway O&M contract.