The share price of Italian-Thai Development Public Company Limited (SET: ITD) surged 20.75% to THB0.64 per share at the opening of the afternoon session after the company announced a new construction signing contract worth THB18.7 billion.
Italian-Thai Development Public Company Limited (SET: ITD) has announced that the company has signed a contract with the Expressway Authority of Thailand to proceed with the construction of the Chalong Rat Expressway Extension Project (Chatuchot – Lam Luk Ka Road section) with a total contract value of THB18,699,930,000.
The project is a construction of a six-lane elevated expressway (three lanes in each direction) extending from km 0+000 to the end of the main route at km 14+000, covering a total distance of 16.21 km, which includes 2.21 km for entrance and exit ramps. The upper structure will consist of concrete decking topped with asphaltic concrete and will be supported by a slab- on-girder system, with each span ranging from 20 – 30 m in length. The Project will use precast prestressed concrete I-girders and single-column piers, built on a cast-in-place bored pile foundation system.
