Italian-Thai Development Public Company Limited (company) informed SET that on December 29, 2021, the Company and Nawarat Patanakarn Public Company Limited, in the name of ITD-NAWARAT Joint Venture signed a contract with State Railway of Thailand to proceed with Track Doubling Project: Den Chai - Chiang Rai - Chiang Khong Section, Contract 1: Den Chai to Ngao Section. The contract value is THB 26,560,000,000 (Including VAT) with the following portion: Italian-Thai Development Public Company Limited 80% Equivalent to THB 21,248,000,000; Nawarat Patanakarn Public Company Limited 20% Equivalent to THB 5,312,000,000. Period of works is 2,160 days.