Koh Samui’s new cruise terminal project anchors big investors

[webfact]

Deputy Transport Minister Manaporn Charoensri announced that Koh Samui’s ambitious new cruise terminal project has drawn substantial interest from investors both locally and internationally.

 

The Ministry of Transport plans to review the outcomes of a feasibility study into the project’s Public-Private Partnership (PPP) investment model before submitting it to the cabinet for approval. Manaporn provided an update on the project’s progress, emphasising the involvement of the Marine Department in conducting the study and analysis report.

 

Following the review, the project will be proposed to the National Economic and Social Development Council (NESDC) for consideration. The goal is to secure Cabinet approval by September, allowing the process of selecting private partners to commence.

 

An Environmental and Health Impact Assessment (EHIA), which will take approximately 18 months, will follow this approval.

Construction is slated to begin in 2029, with the project expected to be operational by 2031. Initial market feedback has shown interest from at least three private investors. These include two domestic firms: Bangkok Airways Plc, which manages Samui Airport, and a business group from Phuket and Koh Samui. Additionally, a Japanese shipping line operator has expressed interest.

 

 

The PPP study identified a 47-rai plot of land near Laem Hin Khom in tambon Taling Ngam as the optimal location for the cruise terminal. This includes 15 rai of onshore land, 10 rai of which is owned by the Department of Forestry.

PPP investment

 

Recent negotiations regarding the use of this land have been successful. The remaining five rai are privately owned and could be acquired through expropriation or further negotiations for a PPP investment.

 

The offshore area, spanning more than 32 rai, will feature a suspension bridge connecting the passenger terminal to a tourist centre and service building. The project will require an investment of approximately 12.17 billion baht.

 

It will include a 7,200 square metre passenger terminal capable of accommodating 1,200 passengers per hour and a cruise terminal designed to host two cruise ships, each with up to 4,000 passengers, simultaneously. The terminal will also be able to accommodate 120 cruises per year, 80 yachts, and six ferries at any given time.

 

Manaporn highlighted the economic benefits of the project, noting that tourists on cruises are expected to spend around 5,000 baht each while in the country. The project is anticipated to generate a total revenue of 8.5 billion baht.

 

“This initiative is expected to significantly boost the local economy and enhance Koh Samui’s status as a premier tourist destination.”

 

The completion of the cruise terminal will mark a major milestone in Koh Samui’s development, promising to attract more tourists and investment to the island. As the project progresses, more details and updates will likely emerge, keeping both investors and the public informed.

 

by Bob Scott

Picture courtesy of Bangkok Post

 

Full story: The Thaiger 2024-05-22

 

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[Tropicalevo]

Not sure that this project is real or not.

It was not that long ago that the latest QEII or whatever she is called, had to cancel a visit as the waters were too shallow.

At Taling Ngam, Koh Samui, a beautiful beach on the West of the Island, there is a lot of reef.

A nice, quiet undeveloped part of Samui the last time that I was there.

Oh well. As long as there is money to be made. 😢

[CanadaSam]

2 hours ago, webfact said:

The project will require an investment of approximately 12.17 billion baht.

 

2 hours ago, webfact said:

The project is anticipated to generate a total revenue of 8.5 billion baht.

 

AI strikes again? 

 

Or are there a long list of investors hoping to invest 12.17 billion, for a total revenue of 8.5 billion?

[billd766]

IF it comes off, I hope that all the investment money comes from outside of Thailand.

[Bert got kinky]

 

Koh Samui’s new cruise terminal project anchors big investors

 

[hotchilli]

3 hours ago, webfact said:

The Ministry of Transport plans to review the outcomes of a feasibility study into the project’s Public-Private Partnership (PPP) investment model

We provide the area you fund it ?

[crazykopite]

Be nice if we could get the car ferry from Koh Phangan to Koh Samui which was stopped about two years ago 

[nobodysfriend]

On 5/22/2024 at 10:09 AM, webfact said:

capable of accommodating 1,200 passengers per hour and a cruise terminal designed to host two cruise ships, each with up to 4,000 passengers, simultaneously. The terminal will also be able to accommodate 120 cruises per year, 80 yachts, and six ferries at any given time.

 

Sure , money will be made , but the quality of life for residents will degrade ... if you don't like the crowd ...

 

[Olmate]

Been around for ages Seahorse Pattaya huahin Sattahip,, same logo  Ozzie operator sealink.