The Eastern Economic Corridor Office of Thailand (EECO) has unveiled an ambitious plan to transform parts of Chonburi into a global ‘Smart City’ by 2037 through its “Smart City and Commercial/Residential Hub” project.
The initiative will emphasize investments in medical innovation, workforce development, digital industries, aviation, logistics, food processing, high-income group tourism, and health tourism on the EEC’s new industry zone spanning 927.2 hectares, located near the U-Tapao airport.
The goal is to establish Chonburi as one of the world’s top 10 smart cities, with a projected investment of 535 billion baht over the next five years.
Public-private partnerships are set to contribute 9.7% of the total investment, or around 51.98 billion baht. Meanwhile, the private sector is anticipated to invest 87.5% of the total, totaling 468.07 billion baht.
It is hopeful that the smart city will generate 50,000 jobs, support 150-300 start-ups, and house 100,000 residents, without disrupting other Thai cities.
The 10-year plan includes three phases:
2023: Detailed design and planning
2024: Land adjustment, road construction, and public utility system development
2025 onwards: Opening land leasing to private entities for development
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