Illustrative image (Photo: https://thailand-construction.com/) Bangkok (VNA) – 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.
Local media on May 22 reported that the project is one of five megaprojects under the government's infrastructure development in the Eastern Economic Corridor (EEC).
As scheduled, after the draft contract is approved by the Thai cabinet, the country’s navy will sign a 50-year contract with the BBS consortium to implement the project.
Covering an area of more than 10sq.km, the project includes a third passenger terminal at U-tapao airport, a commercial gateway and a ground transport centre, an MRO (maintenance repair and overhaul) centre, a cargo complex and an aviation training centre.
It is expected to earn the government 305 billion THB from land lease and revenue-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 be completed in 2023 along with the high-speed railway linking the three key airports of Don Mueang, Suvarnabhumi and U-tapao./.
VNA
