The new government will face serious challenges in accelerating the development of the country’s flagship Eastern Economic Corridor (EEC), which was launched with the vision of creating a next-generation growth area.
The EEC was launched in 2018 by the first Prayut Chan-o-cha government and further developed during Prayut’s second term in office. The EEC covers three provinces, namely Chonburi, Rayong and Chachoengsao on the eastern coast of the country, and aims to realize the Thailand 4.0 strategy to promote sustainable economic growth
The EEC was developed as follow-up to the previous largest development project, known as Eastern Seaboard Development Program (ESB), initiated by former prime minister Prem Tinsulanonda’s government in 1982.
The ESB has proved to be a great success and has played a key role in driving Thailand’s industrial and economic development until…
