Connect with us

Economy

U-tapao and Eastern Airport City deal officially signed

Published

 on 

PHOTO: Straits Times

The deal for a public/private partnership for the U-tapao International Airport and Eastern Airport City projects has been officially signed. The agreement is between the Eastern Economic Corridor Office of Thailand and U-tapao International Aviation Company. PM Prayut Chan-o-cha chaired the signing ceremony yesterday at Government House.

The deal is for a major infrastructure project to upgrade U-tapao, which serves Chon Buri and Rayong provinces, to become Bangkok’s third commercial international airport, linked with the Suvarnabhumi and Don Mueang international airports via high speed rail. The project will also create a business development hub in the 30 kilometres around the airport.

Connecting with Bangkok by sea, road, rail and air, the project is expected to drive Thailand to become a regional aviation hub and the prime gateway to Asia. In April Airbuses pulled the plug on their intention to partner with the project.

The project is expected to cost around 290 billion baht, with an expected 305 billion baht return; it is expected to generate tax revenues of more than 62 billion baht, create more than 15,000 jobs a year for the first 5 years, and encourage advanced technology and human resource development in aviation and related businesses.

The project is to be located in Ban Chang district of Rayong province, about 30 kilometres from Pattaya and Map Ta Phut industrial estate.

SOURCE: Thai PBS World

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

Follow Thaiger by email:

Insurgency5 mins ago

Landmines kill 1, injure 10 in Deep South of Thailand

Chon Buri45 mins ago

CSD requeseted to take over Mountain B Pub fire investigation

Bangkok1 hour ago

Broke Bangkok can’t afford to finish underground cables project

Sponsored1 day ago

British International School, Phuket: Reflecting on 25 years of world-class education

Crime2 hours ago

UPDATE: Foreigner faces prison for parrotfishing in Thailand

Cannabis2 hours ago

Malaysia considers medical cannabis law shaped by Thai policy

Thailand2 hours ago

Dangerous social media trend encourages Thai teens to take rohypnol

Join the conversation on the Thaiger Talk forums today!
Road deaths3 hours ago

Frenchman dies after being hit by sailor’s car in Phang Nga

Cultural Activities3 hours ago

British artist creates land art in tribute to Bangkok governor

Crime3 hours ago

Jealous Swedish man stabs Thai boyfriend in the chest in Pattaya, Thailand

Bangkok4 hours ago

Benevolent Bangkok cabbie drives 12 hours to take destitute family home

Thailand4 hours ago

Tenant fined 140,000 baht for keeping dog in Bangkok condominium | GMT

Crime20 hours ago

Court issues arrest warrant for Sia B’s father, the ‘real owner’ of Mountain B

Thailand20 hours ago

Thailand News Today | Tourism minister joins Full Moon Party on Koh PhaNgan

World21 hours ago

Monkeypox variants renamed to avoid offending people

Tourism21 hours ago

Thailand ranks as fourth most popular destination among Chinese travellers

Thailand11 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand1 year ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism1 year ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket1 year ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism1 year ago

Phuket Thai food treats you need to try | VIDEO

Thailand1 year ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism1 year ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending