BANGKOK, March 5 (The Nation Thailand/ANN): The Office of Transport and Traffic Policy has hired Index International Group (IND) to draft a study for a land bridge connecting the Gulf of Thailand and Andaman Sea via the Southern Economic Corridor (SEC). The project is designed to link up the SEC with the Eastern Economic Corridor.
Launched on Tuesday (March 2), the Bt4.47-billion project study will run until September 1, 2023. The blueprint for the project will be finalised at the beginning of 2024, after which investment budgets and bidding will be set.
The project aims to expand the logistics network and connectivity with southern provinces. The Cabinet has approved a budget of Bt74.71 million for a study on how to improve capacity of businesses in the South.
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The Board of Investment (BoI) is looking into more business categories for high technology as part of efforts to promote the bio-, circular and green (BCG) economy.
Global Power Synergy Plc (GPSC), a power generation arm of national oil and gas conglomerate PTT, is accelerating its spending on electric vehicle (EV) battery production by making a 500-million-baht investment to acquire an 11.1% equity interest in Chinese battery manufacturer Anhui Axxiva New Energy Technology Co (AXXIVA).
Industrial estates set to expand
Colliers projects growth at 5-10% in 2021 buoyed by state investment and stimulus
published : 8 Feb 2021 at 06:44 The Map Ta Phut Industrial Estate in Rayong falls within the Eastern Economic Corridor.
Despite risks from the travel ban, a delay in vaccine distribution and new tensions in US-China trade, the Eastern Economic Corridor (EEC) and e-commerce are expected to continue spurring industrial property growth, in part thanks to stimulus plans and government investment in infrastructure and transport projects.
Phattarachai Taweewong, director of research and communications at Colliers International Thailand, said the industrial estate business in 2021 should improve compared with last year.