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Tuesday, May 14, 2024

Thai Government Approves New Airport in Eastern Thailand 

LONDON – The cabinet yesterday approved the allocation of 408 acres of land in the Thai province of Rayong and Chonburi, to create a free-trade zone within the designated Eastern Economic Corridor (EEC).

This allocated piece of land will be an Airport City, catering U-Taphai Airport, which will serve the city of Rayong, Sattahip and Pattaya, and will also form Bangkok’s third airport in addition to Suvarnabhumi Airport and Don Mueang Airport. This bid is to woo both foreign and Thai investors. 

Thailand’s Prime Minister Prayut Chan-o-cha stated that the new free-trade zone will unlock many red tapes that foreign investors have faced in the country and large numbers of regulations, and laws will be waived in the conducting of business in such areas. 

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