EEC office told to hasten infra investments

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EEC office told to hasten infra investments

By THE NATION

 

 

Deputy Prime Minister Somkid Jatusripitak on Monday (January 6) urged the Eastern Economic Corridor Office to hasten the start of investment in key infrastructure projects, in his policy speech to the office.

 

The projects include development of a high-speed train route linking Don Mueang Airport, Suvarnabhumi Airport and U-tapao Airport, and Phase 3 of Map Ta Phut deep sea port.

 

Others are Phase 3 of Laem Chanbang deep sea port, the development of U-Tapao Airport as well as maintenance, repair and overhaul (MRO) service facilities.

 

Last October, the State Railway of Thailand (SRT) and a consortium led by Charoen Pokphand group signed a Public Private Partnership (PPP) contract for the high-speed rail project linking the three international airports.

 

Somkid added that the government was also keen to proceed with the Northern Economic Corridor (NEC) and the Southern Economic Corridor (SEC) projects. 

 

Kanit Sangsubhan, secretary-general of Eastern Economic Corridor Office, said partnerships would be formed for all key projects in the first quarter of this year. 

 

He expected Thai Airways International and Airbus to sign a contract on the maintenance, repair and overhaul (MRO) facilities in the second quarter.

 

The investment in EEC, he said, will meet this year's target of Bt300 billion. It is now a good time for the private sector to import capital goods thanks to the strengthening baht, Kanit said. The EEC covers three eastern provinces of Chachoengsao, Chonburi and Rayong.

 

Source: https://www.nationthailand.com/business/30380213

 

-- © Copyright The Nation Thailand 2020-01-07

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[Chazar]

Maybe they  think theyre  gonna  get thrown out soon?

[ChrisY1]

This things going sideways....gradually but surely.....

[BobbyL]

Airbus would be mad to invest in this. 

[Cake Monster]

8 hours ago, BobbyL said:

Airbus would be mad to invest in this. 

Any Company such as Airbus would do comprehensive feasibility studies into the viability of such an Operation as the proposed joint venture Repair and Maintenance Operation sited at U-Tapao.

Airbus would want to be 200% convinced that their Capital Investment into the project would give them the rewards they seek from it.

If not, they will just walk away and find another more suitable partner.

[Oziex1]

Two stories on speeding up projects of the EEC,  so much for build it and they will come.

Anything to do with the uniformed numpties who dreamed up this project.

Quite possibly a viable concept in the right hands however the government may be lacking the entrepreneurial skills to sell it to investors alongside this poor economic management by the current administration.

[Grumpy John]

I do believe the ghosts of the Hopewell project are still around today.  Maybe the Airbus higher ups don't believe in ghosts?  ????