Thailand approves rail development, cruise ship port investment

The Board of Investment of Thailand (BOI) has laid out strategies to boost the development of rail services and the country’s cruise tourism.

Tuesday, January 15, 2019 14:27

Bangkok (NNT/VNA)– The Board of Investment of Thailand (BOI) has laid out strategies to boostthe development of rail services and the country’s cruise tourism.

DuangjaiAsawachintachit, BOI Secretary General, says the latest BOI meeting chaired bythe Prime Minister had resolved to instigate measures to attract investment inrail development and related infrastructure for continued economicgrowth.

According to Duangjai, investment projects for rail development and relatedsectors will be entitled to a tax break of 50 percent for the first three tofive years of investment.

The BOI also approved measures to stimulate the cruise tourism business, withthe aim of attracting more tourists to the kingdom.

Moreover, the BOI hasintroduced a plan to attract aerospace investment to U-Tapao Airport in 2019 aspart of the Eastern Economic Corridor (EEC) project, as the EEC Office isplanning to develop an “Aerotropolis” which will stretch over 30 kilometersfrom the airport.

Additionally, the meeting endorsed the 7-year strategic investment promotionplan, spanning 2015 to 2021, which it anticipated will contribute 418 billion THBto the country’s GDP.-NNT/VNA

VNA

#Board of Investment of Thailand #Thailand #Duangjai Asawachintachit #BOI Secretary General #cruise tourism #rail development #Vietnam #Vietnamplus #Vietnam News Agency

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