The focus for 2021 continues to be four major in-flow infrastructure projects with the potential of transforming Thailand into a leading commercial Asian center.
The High-Speed Rail Linking Three Airports – The Committee approved the proposal submitted by the Charoen Pokphand Holdings or CPH in late January last year. The State Railway of Thailand prepared the joint venture agreement for the Attorney-General and the EEC and which was forwarded to the Cabinet. The agreement was signed in May last year.
The U-Tapao Airport and Eastern Aviation City Development Project – as part of its overall plan for the Eastern Airport City, the Thai government hopes that this international airport would attract investors to the kingdom. Industry Minister Uttama Savanayana considered this project a key element of Thailand’s Eastern Economic Corridor or EEC. The facilities cover 570 rai.
The Map Ta Phut Industrial Port Development Project – Phase 23 is a joint venture between the Gulf and PTT Tank of the private sector. This industrial port is high-capacity and replete with a broad range of facilities and services for its patrons. It is also strategically located for their convenience. At present, this structure is the largest of its kind in Thailand. Multi-racial guests can be sure to receive equal treatment and provision of world-class services and facilities. This industrial port is considered Thailand’s “golden gateway” that shows the world how extensively Thailand has industrialized.
The Thai government is confident that these four ambitious projects would entice large cash flows into the kingdom. The transport project, in particular, promises to provide the much-needed and long-dreamed links to all sectors. Moreover, the government views all four infrastructure projects to transform Thailand into an investors’ commercial hub in Asia.
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