Common Contracts
1 similar Loan Agreement contracts
Country Kingdom of Thailand Project SRT Signalling Improvement and Modernization Project (hereinafter referred to as Signalling Project) Train Dispatcher Telephone Improvement & Passenger Coaches Procurement Project (See Note. Hereinafter referred to...Loan Agreement • March 6th, 2002
Analysis and Evaluation (1) Project ScopeThe signalling project made a partial revision of the project scope shortly after its implementation began. Since the project's total local-currency cost (Baht) rose above the ceiling set by Royal Thai Government due to the Yen appreciation, the project scope was further reduced. The reduction of the project scope was done by dividing the project into packages based on the priority level, and the packages with the highest priority were executed without delay. The telephone project was, by and large, implemented according to plan. (2) Implementation ScheduleThe signalling project was completed with a 77-month delay. This delay was due to a delay in the bidding preparation stage and a major delay caused by the inadequate capability of the contractors in the construction stage. The completion of the telephone project was delayed by 46 months for similar reasons. (3) Project CostThe costs of both projects fell within the allocated budget. The fore
