Thailand’s expressway authority digs into land values with market survey

The Expressway Authority of Thailand (EXAT) initiated a market survey concerning its plots of land located under and close to its elevated expressways. These 17 regions, which include prime business districts in Bangkok such as Silom, Phloenchit, Wacharaphon, and Asok, show significant potential for commercial EXAT land development.

The survey aims to gather the perspectives of potential private investors, which will then be consolidated into a report. This report will be submitted to the new Cabinet via the Ministry of Transport for review, according to Surachet Laophulsuk, the governor of EXAT.

He further noted that these areas are slated to be auctioned off to interested investors in the following year. The investment projects could take various forms, from a three-year concession to a public-private partnership investment contract that could last between five to 20 years. These are expected to break even within three to four years.

by Mitch Connor

Photo: EXAT via Phansak

Full story: https://thethaiger.com/news/national/exat-plans-to-auction-bangkok-land-for-commercial-development-next-year

-- The Thaiger 2023-08-30

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