TEAMG Signs THB115 Million Contract with AOT to Develop Chiang Mai Airport

TEAM Consulting Engineering and Management Public Company Limited (SET: TEAMG) has announced that TEAM SQ Company Limited, and ATT Consultants Company Limited, subsidiaries of TEAMG, have signed the Contract for Survey and Detailed Design of Chiang Mai Airport Development Project, Phase 1 with the Airports of Thailand Public Company Limited (SET: AOT).

The project’s purpose is to expand the airport’s capabilities as well as developing facilities and utility systems to sufficiently support the volume of air traffic and not less than 16.5 Million Annual Passengers (16.5 MAP), according to international standards. The contract value of TEAMG and its subsidiaries is 114.11 million baht (VAT excluded). The project period is 1,625 days.