Prayut learns about progress made in EEC projects

By THE NATION

 

 

During a visit to Rayong province on Tuesday (August 25), Prime Minister Prayut Chan-o-cha checked out an exhibition organised by the Eastern Economic Corridor (EEC) Office, which showcased advances made in EEC projects.

 

Kanit Sangsubhan, secretary-general of the EEC Office, said the premier was told about the progress made in the high-speed train project linking three key airports. The first phase of this project is under construction and is expected to be completed by 2024.

 

The second-phase of the project, which will cover 190 kilometres from U-Tapao Airport to Trat province, is expected to be completed by 2028.

 

Kanit said the second phase was being studied by related agencies and will be proposed to the Cabinet in 2021, while bid winners will be selected by 2024.

 

This phase will be linked to other government projects in the EEC, such as the Eastern Fruit Corridor and expansion of urbanised areas around U-Tapao Airport.

 

Prayut and the Cabinet were in Rayong for a mobile meeting on Tuesday.

 

Source: https://www.nationthailand.com/news/30393517

 

-- © Copyright The Nation Thailand 2020-08-26

 

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As long as Khun Prayut Chan O Cha continues to explore ways to develop new infrastructure and thereby create jobs then it's a good thing. Only wish it was sooner than 2024 & 28.  

Now if only he'd take the time to learn something about Democracy and the will of the people!

So, short answer, not much progress.

3 hours ago, steven100 said:

As long as Khun Prayut Chan O Cha continues to explore ways to develop new infrastructure and thereby create jobs then it's a good thing. Only wish it was sooner than 2024 & 28.  

In terms of GDP growth, infrastructure projects do not produce short-term GDP growth. The payback term is typically 10-20 years, assuming no default or obsolescence. 

They do provide short-term job creation.

But if unemployment figures from the government are believed as being almost at full employment, they create jobs prinarily for foreigners (ie., massive foreign workers anticipated for EEC for the short-term). Creating jobs for foreign workforce immediately contributes to a foreign nation's GDP growth. 

One further comment.

Creating jobs for Thais may not be a good thing if it comes at a high cost to the government. This can happen for example when the cost of infrastructure comes from foreign investment vs. domestic (ie., private and public) investment. A number of infrastructure projects (notably the dual rail high speed project) are being financed almost entirely by foreign nations and/or their state-owned enterprises (typically in joint ventures with Thai enterprises).

Prayut has correctly tried to avoid foreign investment by encouraging private Thai enterprise partnership investment with the Thai government; but to little or no success. That saves Thai government capital perhaps for less socially needed projects such as military purchases.

4 hours ago, steven100 said:

As long as Khun Prayut Chan O Cha continues to explore ways to develop new infrastructure and thereby create jobs then it's a good thing. Only wish it was sooner than 2024 & 28.  

You are so funny. But where not all laughing 

4 hours ago, steven100 said:

As long as Khun Prayut Chan O Cha continues to explore ways to develop new infrastructure and thereby create jobs then it's a good thing. Only wish it was sooner than 2024 & 28.  

Told of the progress, nothing to show at the moment.

10 hours ago, webfact said:

Prayut and the Cabinet were in Rayong for a mobile meeting

CCP Whip&Belt project .. let's see if they pull out.