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Thailand: EEC Public-Private Partnership Regulations Approved
Source: http://www.nationmultimedia.com
Source Date: Thursday, July 06, 2017
Focus: Institution and HR Management
Country: Thailand
Created: Jul 07, 2017

Regulations related to the Eastern Economic Corridor (EEC) fast track public private partnership projects (PPP) have been approved by the corridor’s policy committee, Ekniti Nitithanprapas, director-general of the State Enterprise Policy Office said today.

The new regulations, designed to speed up the launch of investment projects, will shorten the time frame to 8-10 months from the current average of 40. Under the new rules, the project preparation and proposal phase is to take about 3.54.5 months and selection of private firms would take approximately 4.55.5 months.

So far, four projects have been chosen: Utapao Aerotropolis (expected to cost Bt310.4 billion), high speed rail (Bt215.1 billion), the Laem Chabang seaport extension (Bt155.8 billion) and Map Ta Phut seaport extension (Bt 10.2 billion).

Ekniti says the EEC is on track to meet the goals of its 5C’s: certainty, consolidation, concurrence, checks and balances and commitment.
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