The Eastern Economic Corridor (EEC) office in Thailand is set to sign a memorandum of understanding (MoU) with China Development Bank (CDB) and Japan Bank for International Cooperation (JBIC) for financial investment support in the project. The MoU is set to be signed by May 21, 2019. The initial draft of MoU has already been approved by the cabinet on May 14, 2019. All three parties will sign MoU in Beijing.
The EEC includes several projects such as high-speed rail project which will link Suvarnabhumi and Don Mueang airports in Bangkok and U-Tapao Airport and Expansion of U-Tapao Airport and Eastern Aviation City project. The banks will support the financing of these projects.
The government of Thailand is also providing reinstating the corporate income tax from 20% to 10% for 10 years for investing in special economic zones. The private companies can submit their proposals for the same till December 30, 2020.
Country updates
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May 10, 2019
Winning bidder for the airport PPP in Thailand to be announced in May
The winning bidder for the U-Tapao Airport and Eastern Aviation City Development PPP project in Rayong Province is expected to be announced in May. The estimated investment for the project is THB 200...
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May 08, 2019
Port concession in Thailand to be signed in June
The Industrial Estate Authority of Thailand (IEAT) is speeding the bidding process and set to award the concession agreement with the winning bidder for the Map Ta Phut LNG Port Expansion project...
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April 30, 2019
U-Tapao Airport in Thailand winning bidder to be announced in May
The Board of Directors of the Eastern Economic Corridor (EEC) has revealed that three consortiums submitted the proposal to be the developer of U-Tapao airport and the Eastern Airport City Project wor...
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April 26, 2019
Concession agreement for High-speed rail PPP project in Thailand to be signed in May
The signing of the concession agreement for the THB 225 billion (US $6.8 billion) High-Speed Rail Project linking three major airports is expected to take place before the end of May. The State Railw...
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March 06, 2019
More bidders for port PPP in Thailand
The Port Authority of Thailand has released a revised list of companies that have purchased bid documents for the THB155.834 billion (US$4.77 billion) Laem Chabang Phase 3 expansion project in Chonbur...
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