Digital Park TOR to be revised to attract more investors

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Digital Park TOR to be revised to attract more investors

By THE NATION

 

Sappachai Huwanant

 

The terms of reference for the Digital Park Thailand project in the Eastern Economic Corridor will see three revisions in order to attract investors, the president of CAT Telecom, Colonel Sappachai Huwanant, revealed on Thursday (October 3).

 

The project in June sold 16 bidding envelopes, but there have been no tenders yet submitted.

 

The Eastern Economic Corridor Policy Committee (EEC Board) will now revise the terms to remove the construction dead deadline of both phases one and phase two, change the profit-sharing plan with the government to be more flexible, and promise the addition of a public transport system to and from the project areas, said Sappachai.

 

According to the CAT president, the lack of any interest in investing in the project is probably mainly due to investors waiting for clarity over construction of the high-speed train connecting Don Mueang, Suvarnabhumi and U-tapao airports, which are scheduled for a signing on October 15.

 

“Once the high-speed train project starts taking shape, it will attract more investors to the Digital Park project, since its location is only 5.6 kilometres away from Sriracha train station,” he said.

 

Meanwhile, Deputy Prime Minister for economic affairs Somkid Jatusripitak added that a second EEC project, the Digital Valley project, had already begun construction and should be promoted through road show events at international venues in order to attract foreign investors. “Most importantly, we must provide in-depth information of the projects to make [foreign investors] realise the future opportunities in EEC areas,” he said.

 

Source: https://www.nationthailand.com/news/30377016

 

-- © Copyright The Nation Thailand 2019-10-03

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