Bangkok: ITD explains to the Stock Exchange of Thailand about the incident on the Rama 2 Expressway, ready to take care of the injured and deceased workers, and expedite the area clearance to be completed within 7 days.
According to Thai News Agency, the incident involved the collapse of a temporary scaffolding structure during the construction of the expressway project on the Rama 3-Dao Khanong-Outer Ring Road. The collapse caused a section of the Chalerm Maha Nakhon Expressway to fall, leading to 5 fatalities at the scene, another death at the hospital, and 10 injuries still being treated in the hospital, while 11 individuals have been discharged for home treatment.
Italian-Thai Development Public Company Limited (the ‘Company’) expressed its condolences to the families affected. The Company, representing the ITD-VCB Joint Venture, is committed to compensating and remedying the loss. It is currently assessing the damages in collaboration with the project owner, consulting engineers, government officials, and insurers.
The Company aims to resolve the situation swiftly, ensuring the ground-level entrance to Dao Khanong Toll Plaza is completed within 7 days and the elevated exit within 30 days. It holds construction insurance of approximately 7,359 million baht, along with insurance for the Expressway Authority of Thailand’s property and third-party liabilities, each worth 100 million baht. Therefore, ITD remains confident that the accident will not disrupt ongoing project operations.