Thailand promotes airport city project in Eastern Economic Corridor
The Eastern Economic Corridor Policy Committee of Thailand has agreed with a draft contract on the 290-billion-baht (over 9 billion USD) eastern airport city project at U-tapao airport.
Bangkok (VNA)– The Eastern Economic CorridorPolicy Committee of Thailand has agreed with a draft contract on the290-billion-baht (over 9 billion USD) eastern airport city project at U-tapaoairport.
Local media on May 22 reported that the project is one of five megaprojectsunder the government's infrastructure development in the Eastern EconomicCorridor (EEC).
As scheduled, after the draft contract is approved by the Thai cabinet, the country’snavy will sign a 50-year contract with the BBS consortium to implement theproject.
Covering an area of more than 10sq.km, the project includes a third passengerterminal at U-tapao airport, a commercial gateway and a ground transportcentre, an MRO (maintenance repair and overhaul) centre, a cargo complex and anaviation training centre.
It is expected to earn the government 305 billion THB from land lease andrevenue-sharing and 62 billion THB from tax.
In the first five years, the project will create 15,600 jobs.
Kanit Sangsubhan, the EEC Office's secretary-general, said the project will becompleted in 2023 along with the high-speed railway linking the three keyairports of Don Mueang, Suvarnabhumi and U-tapao./.
The Thai Cabinet on May 19 approved a plan to restructure Thai Airways International (THAI) following the Transport Ministry's proposal that it must undergo rehabilitation under the Bankruptcy Act.
The Monetary Policy Committee (MPC) under the Bank of Thailand (BoT) on May 20 cut its policy rate by 25 basis points to a record low of 0.5 percent, to help soften the economic impact of the pandemic and social distancing measures.
The Thailand Development Research Institute (TDRI) has forcast that Thailand is likely to take up to three years to return to normal economic conditions similar to 2019.
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The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative image (Photo: //thailand-construction.com/) 
