rooster59 Posted January 13, 2019 Share Posted January 13, 2019 BOI approves rail development, cruise ship port investment Thammarat Thadaphrom BANGKOK, 12th January 2019 (NNT) – The Board of Investment of Thailand (BOI) has laid out strategies to boost the development of rail services and the country’s cruise tourism. Duangjai Asawachintachit, BOI secretary general, says the latest BOI meeting chaired by the Prime Minister had resolved to instigate measures to attract investment in rail development and related infrastructure for continued economic growth. According to Duangjai, investment projects for rail development and related sectors will be entitled to a tax break of 50% for the first three to five years of investment. The BOI also approved measures to stimulate the cruise tourism business, with the aim of attracting more tourists to the kingdom. Moreover, the BOI has introduced a plan to attract aerospace investment to U-Tapao Airport in 2019 as part of the Eastern Economic Corridor (EEC) project, as the EEC Office is planning to develop an “Aerotropolis” which will stretch over 30 kilometers from the airport. Additionally, the meeting endorsed the 7-year strategic investment promotion plan, spanning 2015 to 2021, which it is anticipated will contribute 418 billion baht to the country’s GDP. -- nnt 2019-01-13 Link to comment Share on other sites More sharing options...
yellowboat Posted January 13, 2019 Share Posted January 13, 2019 2 hours ago, rooster59 said: U-Tapao Airport Flew into this airport. The flight was cheap, but getting out of there was a hassle. It needs more work. Link to comment Share on other sites More sharing options...
mok199 Posted January 13, 2019 Share Posted January 13, 2019 After the disaster in Phuket I don't know if the world is ready for another ''thai tanic'' , thais and water do not mix well... Link to comment Share on other sites More sharing options...
Ossy Posted January 13, 2019 Share Posted January 13, 2019 3 hours ago, rooster59 said: ' . . . has laid out strategies to boost the development . . . ' I.E. They've begun the consultation and mulling process that, even with a following wind, takes a couple of years before anyone actually does anything. I shouldn't rush to book your seats just yet . . . life belts, maybe . . . they might come in handy. Link to comment Share on other sites More sharing options...
Cadbury Posted January 13, 2019 Share Posted January 13, 2019 This Eastern Economic Corridor (EEC) is going nowhere without someone else's financial and skills input. The Japanese have applauded the HS train links but correctly observed there has been nothing planned in the way of infrastructure to support any investments. Perhaps the PM has forgotten that minor detail. Creating Economic Corridors is a bit more challenging than re-arranging beach chairs and fixing the pavements. He has been talking about this now for over 2 years and they are still looking for investors. The biggest handicap to progress in Thailand is it's profusion of committees that never seem to make a decision. I am sure there must be committees that have been around for years that have forgotten what it is they are supposed to decide but still turn up for the seafood buffets. What other country would want to invest their money in a nation that is controlled by military dullards who have usurped a democracy and taken control for the benefit of themselves and their wealthy clique of supporters. Link to comment Share on other sites More sharing options...
Sydebolle Posted January 13, 2019 Share Posted January 13, 2019 3 hours ago, yellowboat said: Flew into this airport. The flight was cheap, but getting out of there was a hassle. It needs more work. Stopped flying into/out from Utapao; the local capillary infrastructure is monopolized with one of the most corrupt taxi operators I've seen in the last 30+ years in Thailand. What a farce .... Using Swampy; albeit 30 minutes longer to/from Pattaya but plenty of fast and cheaper options. Link to comment Share on other sites More sharing options...
chainarong Posted January 13, 2019 Share Posted January 13, 2019 Its no use Prayut sitting down and negotiating with industry , he is not elected, the stigma of that goldmine shutdown remains a thorn in more that one company's backside, It all stems around sovereign risk , Japan pulled out of that rail project to Chiang Mai, to risky, I notice not many western countries are interested in any rail infrastructure, that leaves China, well, China will grab at anything to get a foot hold in Thailand, even if it bankrupts that country. Link to comment Share on other sites More sharing options...
trainman34014 Posted January 13, 2019 Share Posted January 13, 2019 Just more 'words', the only thing they are good at ! Link to comment Share on other sites More sharing options...
Bluespunk Posted January 13, 2019 Share Posted January 13, 2019 9 hours ago, rooster59 said: the EEC Office is planning to develop an “Aerotropolis” A what? Link to comment Share on other sites More sharing options...
Ossy Posted January 13, 2019 Share Posted January 13, 2019 3 hours ago, Bluespunk said: A what? Oh . . . just the usual nothing-opolis that they're mulling over . . . they may be some time. Link to comment Share on other sites More sharing options...
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