Thailand’s incumbent prime minister Prayut Chan-o-cha is taking steps to accelerate the development of U-Tapao international airport in the hope of raking in a profit of 305 billion baht for the country.
U-Tapao international airport is a joint venture between BBS Consortium and the government’s EEC Policy Committee under a 50-year concession, with a goal of handling 60 million passengers per year, according to Tipanan Sirichana, deputy spokesperson of the government.
She said that General Prayut is pushing for the completion of the airport to increase the country’s competitiveness on a global scale.
U-Tapao will be the country’s 3rd key commercial international airport that links together two other airports: Don Mueang and Suvarnabhumi, with a high-speed train.
The spokesperson said that the airport, which is currently undergoing the first phase of construction, will transform Thailand into a tourism, logistics, and aviation hub and the area around the airport into the “Eastern aviation metropolis.”
The airport is situated in the Phala sub-district of Ban Chang district in Rayong province, spanning over 6,500 rai, with an investment budget of 290 billion baht.
The airport will generate an annual revenue of 305.55 billion baht and provide over 15,600 employment opportunities in the first five years after completion.
“General Prayut’s ambition to complete the project turns the heads of many investors,” Tipanan concluded.
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