The Eastern Economic Corridor Policy Committee has acknowledged progress in the high-speed rail project to link three airports and the Map Ta Phut industrial port development project.
Contracts for both projects are expected to be signed between state firms and private concessionaires next month.
The Eastern Economic Corridor Policy Committee, chaired by Prime Minister Gen. Prayut Chan-o-cha, acknowledged approval by the National Environment Board, chaired by Deputy Prime Minister Gen. Prawit Wongsuwan, for an Environmental Impact Assessment study on the high-speed rail project to link three major airports. The State Railway of Thailand and the private concessionaire are expected to sign the construction contract next month.
This is the first public-private joint venture of the Eastern Economic Corridor project. The Eastern Economic Corridor Policy Committee also acknowledged progress in Map Ta Phut industrial port’s Phase 3 development project, the contract for which has been scrutinized by the Office of the Attorney General.
It is to be resubmitted to the Eastern Economic Corridor Policy Committee by July 1 before being forwarded to the cabinet. The Industrial Estate Authority of Thailand and the private concessionaire are expected to sign the contract next month.
How the “four M’s” underpin a bright Asian future
The four Ms represent a convergence of positive factors that will shape the Asian century. First, let’s look at the millennials. There are 800 million of them in Asia, compared with 66 million in the US (and 60 million in the EU).
Thailand close to completing the world’s biggest floating hydro-solar farm
Thailand has long relied on coal for power, but plans for new coal-fired projects have been met with opposition over health and environmental risks, and two proposed southern coal plants were shelved in 2018.
About 144,417 solar panels are being installed on a reservoir in the northeast province of Ubon Ratchathani, where workers are completing the last of seven solar farms covering 300 acres (121 hectares) of water.(more…)
Subscribe via Email
Recovering global trade supports APAC economies but Tourism exposure will temper Thailand’s rebound
The direct contribution of travel and tourism to Thailand's economy was around 10% of GDP before the pandemic, but the...
Thailand Expects 600,000 Tourists from Phuket Sandbox reopening
From 1 July, Phuket will waive quarantine requirements for foreign tourists who have been fully vaccinated against COVID-19 under the...
Thai Government Plans to Increase 2022 Investment Budget by 90 Billion baht ($2.84 bln)
According to the 2022 fiscal budget bill, which has public spending set at 3.1 trillion baht, accounting for 17.9% of...
Fitch Affirms Thailand’s rating at ‘BBB+’ with a Stable Outlook
Fitch forecasts Thailand's tourism-dependent economy will recover only modestly, by 1.8% in 2021 after a sharp 6.1% contraction in 2020.
One-stop SME information portal connecting ASEAN businesses and beyond
The ASEAN Access is a flagship initiative of the ACCMSME, spearheaded by the OSMEP, Thailand and supported by the Federal...