Thai Construction IndustryThai Economy News

MRTA seeks inclusion of arbitration clauses

The mass Rapid Transit Authority will seek Cabinet approval to include arbitration clauses in its multi-billion baht construction and loan contracts using Japanese funds. MRTA chairman Suphoth Sublom said the request for arbitration clauses had been made by the Japan International Cooperation Agency(JICA), which would fund the MRTA’s Purple Line mass transit project. The Purple Line will run from Bang Sue to Bang Yai. (The Nation)

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