The State Enterprise Policy Office says the Bangkok Observation Tower project has sailed through all legal procedures before the government gave approval to its construction.
Mr Ekniti Nitithanprapas, the director-general of the State Enterprise Policy Office, said that the project has passed through the considerations of various agencies in accordance with the regulations.
He said the 4.6 billion baht and 459-metres high and tower would be developed on a plot of land in Charoen Nakhon area leased from the Finance Ministry's Treasury Department.
He said the government would benefit from the rental fee.
He said the government has decided to select the private sector to manage and invest into the construction costs and all steps were done in accordance with the Treasury Department's standards.
He said the project has passed the scrutinized processes and would be closely monitored.
He added the plot of land had been used by the Marine Police and now was left unused.
Source: Thai Public Broadcasting Service (Thai PBS)