The Port Authority of Thailand - a potential goldmine

One of Thailand''s most profitable state enterprises ranks high on the privatization agenda.

Alongside the privatization of the the Airports Authority of Thailand AAT this November, a divestment in the Port Authority of Thailand PAT sits high on the Thaksin Government's IPO target list in the transportation sector. However, there are strong reasons to believe that privatization of the PAT will be difficult to achieve by the target date of late 2003early 2004, if at all.

PAT is responsible for operations at Thailand's two largest ports û the Bangkok Port and Laem Chabang Port in Chonburi province û and is under the general supervision of the Ministry of Transport and Communications MOTC. Established in 1951, PAT enjoys full management control of Bangkok Port including its terminal...

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