King Power’s Won All AOT’s Duty Free/Commercial Zone Concession.
19-6-2019—Today the press release of Airports of Thailand, PLC (AOT) unveiled the bidding result of Airports’ duty free and commercial activity operation that King Power Group’s affiliated companies offer the best ever return of benefit beyond AOT’s expectation, then AOT considered King Power’s offering all the bidding of AOT’s Duty Free and Commercial Activity operation concession.
The concession King Power’s Group of Companies won in the result AOT announced today are including;
1)The Duty Free Operation in Suvarnabhumi Airports.
King Power Duty Free., Co.,Ltd offer 15.419 billion baht /year as the minimum return for the first year of the 10 years 6 months concession contract and gain 94.30 scores in overall.
The second rank offer for the same concession is the consortium of Bangkok Lotte Duty Free Aviation offer 8.517 billion baht/ year as the minimum return and gained 83.10scores.
The third rank offer in the bidding is The Royal Orchid Hotel (Thailand) Group of companies offer 7.255 billion baht/year as the minimum return and gained 78.85 scores in overall.
2)The Commercial Activity Operation in Suvarnabhumi Airport.
King Power Duty Free ., Co., Ltd offer 5.778 billion baht /year as the minimum in concession return for the first year of the 10 years 6 months concession and gained 95.20 scores in overall.
The second rank offer Central Pattana., PCL (CPN) offer 3.003 billion baht/ year as the minimum in return for the first year of the 10 years 6 months concession and gain 80.81 scores in overall.
3)The Duty Free Operation in three provincial airports ; Phuket, Chiangmai and Hadyai, which King Power Duty Free offer 2.331 billion baht/ year as the minimum return for the first year of the concession and gained 96.10 scores in overall.
The second rank offer for the same concession is the consortium of The Royal Orchid Hotel (Thailand) Group of companies offer 2.012 billion baht/ year as the minimum return for the first year of the ten years concession and gained 86.72 scores in overall.
The third rank offer in the bidding is Bangkok Lotte Duty Free Aviation Royal Orchid Hotel (Thailand) Group offer 2.109 billion baht/year as the minimum return, which more than the second rank’s but lost the second rank by gained just 84.74 scores in overall.
The 10 years 6 months concession period of all the three concession are during 28 September 2020- 31 March 2031.The annual minimum return will be adjusted accordingly to the inflation announced by Ministry of Commerce and the increasing of the amount of passenger each year.
