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Eastern Economic Corridor Development Project

30 June 2016

The Cabinet, during its meeting on 28 June 2016, approved the Eastern Economic Corridor Development project, aimed at developing Thailands Eastern Seaboard into a leading economic zone in ASEAN.
The project was proposed by the Office of the National Economic and Social Development Board, which reported that the Eastern Seaboard is now Thailands major industrial production base, especially for petrochemical, energy, and automotive industries.
The GDP of this area represents 20 percent of the countrys total GDP. The Eastern Seaboard has good potential for the project because of its readiness in terms of infrastructure, such as road and railway networks, as well as ports and industrial estates. It also serves as ASEANs sea transportation hub, which can connect with the Dawei deep-sea port in Myanmar, Sihanoukville Port in Cambodia, and Vung Tau Port in Vietnam. Thailands Eastern Seaboard is also well-known among investors all over the world.
The Eastern Economic Corridor Development project will be implemented in three eastern provinces, namely Chon Buri, Rayong, and Chachoengsao. It will be divided into three areas: industrial zone, infrastructure development zone, and urban development zone.
Infrastructure investment in these areas includes U-Tapao International Airport, Sattahip Commercial Port, Laem Chabang Port, and Map Ta Phut Port. Other investment projects include a special highway linking Bangkok with Chon Buri, Pattaya, Map Ta Phut, Laem Chabang, and Nakhon Ratchasima, and a double-track railway, with the first section from Chachoengsao to Khlong Sip Kao and Kaeng Khoi, and the second section from Bangkok to Rayong.
The Chuk Samet deep-sea port will be developed for yachts and cruise liners and will connect with other ports in the Gulf of Thailand and the Andaman Sea. The objective is to accommodate more business activities in the future.
The Eastern Economic Corridor Development project will promote 10 target industries, which will become mechanisms for the new engine of growth. The 10 target industries are divided into two groups. The first one involves the First S-Curve industries, that is, the five existing groups of industries in which Thailand has high potential. These industries include next-generation automotive, smart electronics, affluent medical and wellness tourism, agriculture and biotechnology, and food for the future. The second group is the New S-Curve, comprising industries for the future: robotics, aviation and logistics, biofuels and biochemicals, digital, and medical hub.
More promotional privileges will be granted to investors in this new economic zone. A One Stop Service Center and a fund for competitiveness development will be set up for entrepreneurs. The Prime Minister assigned Deputy Prime Minister Somkid Jatusripitak and relevant agencies to come up with details of the Eastern Economic Corridor Development project within the next three months.
Foreign Office, The Government Public Relations Department, Office of the Prime Minister
9 Rama VI Road, Bangkok 10400, Thailand

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