Chamber predicts B10bn Pattaya investment

Chamber predicts B10bn Pattaya investment

City to gain from EEC-related activity

A new ferry terminal will be built at Chuk Samet port to serve cruises, cargo vessels and ferries to support growing tourism and industries under the EEC blueprint. APICHIT JINAKUL
A new ferry terminal will be built at Chuk Samet port to serve cruises, cargo vessels and ferries to support growing tourism and industries under the EEC blueprint. APICHIT JINAKUL

Thailand's private companies are set to pour up to 10 billion baht into improving and developing tourism-related businesses in Pattaya to tap benefits from the government's flagship Eastern Economic Corridor (EEC), says the Thai Chamber of Commerce (TCC).

The activity will consist of pure investment in tourism, plus public-private partnerships (PPP) in Pattaya, a city that lies within the EEC zone spanning Chon Buri, Rayong and Chachoengsao provinces, said TCC chairman Kalin Sarasin.

"It will help improve the face of Pattaya, which has already become famous, as a new landmark for Thai and foreign tourists with plenty of attractive places," Mr Kalin said.

He said the planned projects include shopping centres, water parks, nightlife attractions and a distribution centre for the One Tambon One Product scheme.

"These will be worth a combined 10 billion baht in investment from private firms in several projects," Mr Kalin said.

He said the TCC has also spoken with the Japanese Chamber of Commerce (JCC) about asking the government for more flexibility in allowing Japanese investors to join in PPP investment.

President Soji Saki said the JCC is seeking an occasion to meet with policymakers on further development of PPP projects, as well as talk about a plan to generate more skilled labour to meet rising demand in the EEC.

Japanese investors have shown enthusiasm for the EEC but are wary of potential labour shortages, he said. The JCC also wants an update on the government's latest plans for infrastructure megaprojects linking the EEC to other regions of Thailand and to neighbouring countries.

Mr Saki said the JCC will have to see clearer policy details pertaining to how the government will let private firms co-invest and how the two sides will bear their fair share of the risk.

Do you like the content of this article?
COMMENT (1)

Khon Kaen Airport expects 5m passengers per year

Khon Kaen Airport is expected to handle 5 million passengers a year, starting next month, after its expansion is completed, deputy government spokeswoman Tipanan Sirichana said on Friday.

10:17

Duo team up for EV sharing scheme

EV Primus Co, a distributor of multiple brands of electric vehicles (EVs), has diversified its EV business by teaming up with Haupcar Co to offer an EV sharing service through a digital platform, aiming to serve the travel lifestyles of urban dwellers.

09:04

Senator says officers are taking bribes from traders

Some traders in Thailand are paying bribes to the authorities so they can illegally sell e-cigarettes in the country, Somchai Sawaengkan, the chairman of the Senate Committee on Human Rights, Freedom and Consumer Protection, revealed.

08:24