New EEC board approves EEC plan to be implemented immediately in 99 days, 8 areas

Bangkok, The new Eastern Special Development Zone Policy Committee (EEC) considers a draft plan for a one-year period (Oct. 2023-Sep. 24) and urgent goals within 99 days. 8 areas to attract target industries in 5 main clusters by “Bhoomtham” emphasizing the high-speed rail project connecting 3 airports. Even though it has not been completed by this government, it is almost finished and we will definitely see the progress of the project.

Mr. Phumtham Wechayachai, Deputy Prime Minister and Minister of Commerce Revealed after the first meeting of the EEC Committee under the government of Mr. Settha Thavisin, Prime Minister, that the EEC has considered a draft work plan for a one-year period from October 2023 to September 2024 and urgent goals within 99 day to attract investment from around the world through target industries in 5 main clusters: medical, digital, electric vehicles (EV), BCG and services. The urgent goals in 99 days of the EEC are divided into 8 areas:

1. Policy aspect: In December 2023, an overall plan will be prepared for the development of the Eastern Special Development Zone (2023-2027), which will be the main framework of the EEC, consisting of 5 areas: 1. Promote investment in industry and Future services 2.Increase efficiency and utilization of infrastructure and public utilities. 3. Raise the skills of workers to be ready for changes in technology and innovation. 4. Develop the city to be modern. Nice place to live, suitable for occupation and 5. Link the benefits from investment to sustainability.

2. Development of benefits to attract investment In December 2023, the EEC will issue an announcement from the Energy Regulatory Commission regarding benefits for entrepreneurs in the Special Economic Promotion Zone. Covers tax and non-tax aspects.

3. Creating an ecosystem for investment In January 2024, EEC fundraising sources will be developed. Supports fundraising using foreign currency mainly. Starting with the US dollar.

4. Driving infrastructure development by the high-speed rail project connecting three airports There will be a resolution of negotiations and clear guidelines between the SRT and the private investment contract partner, Asia Era One Company Limited, led by Mr. Phumtham. Emphasis on this issue: It is expected that the high-speed rail project linking the three airports will be completed as quickly as possible. But even though it will not be completed by this government within 4 years, we will definitely see the progress of the project, emphasizing that if it’s not finished, it’s almost finished. As for the project to develop U-Tapao Airport and the Eastern Aviation City By January 2024, the private contractor will officially begin construction. By this November The Navy will organize a bidding for construction of U-Tapao Airport. The private sector will construct the passenger building. As for the Navy, it will build runways, take-off and landing routes for aircraft.

5. In terms of providing comprehensive government services, in December 2023, there will be an upgrade in providing approval services, totaling 44 items, covering 8 laws according to the EEC Act. 6. In terms of development of special economic promotion zone areas, October

. 2023 Establish the EEC Business Center and Smart City as a special economic promotion zone for special activities. There is a phase 1 development area of approximately 5,795 rai from the total project area of approximately 14,619 rai. Establishment of a Special Economic Promotion Zone, Apex Green Industrial Estate, area of 22,191.49 rai, Chachoengsao Province, in order to create Investments in 12 special industries and January 2024, invest in Pluak Daeng 2 Hospital in the form of a joint venture. Between the state and the private sector The government will invest in building the hospital and let the private sector operate it.

7. In terms of starting investment in special target industries, in December 2023 there will be a contract to lease space in the EECd digital industrial and innovation zone, including CtrlS Datacenter Company from India, renting 25 rai of land for 50 years to invest in a data business center worth 4,500 million baht. EGAT rents an area of 5 rai for 20 years to invest in an electric vehicle charging station and ALBA Company from Germany intends to rent the space. To create a prototype project for a digital platform and recycling control center. Project value 1,300 million baht

8. In terms of strengthening the area and community, in December 2023 there will be an extension of products produced by the community. Community enterprises and social enterprises in the EEC area To be certified as a model community product, in January 2024, EEC Women’s Power Network Centers will be established at the provincial and district levels. To be the center of understanding and benefits of EEC and expand the EEC Square youth project to create opportunities for youth to further develop their ideas to improve the quality of life of the community.

In addition, the meeting The EEC has also considered the development of a digital industry and innovation promotion zone. (EECd) by agreeing on the rental rate and fee framework Including the benefits of entrepreneurs in the EECd project along with an action plan. -Thai news agency

Source: Thai News Agency