Four new industrial estates planned along Thailand borders

Construction News

The Industrial Estate Authority of Thailand (IEAT) plans to develop four industrial parks along the borders to help promote trade and investment.

The plan supports the East-West Economic Corridor development, which aims to link China’s southern provinces with its neighbours in the lower Mekong region, deputy governor Verapong Chaiperm said at the BoI Fair yesterday.

Construction will begin this year and the new estates should be ready to begin operation within 2015, when the Asean Economic Community (AEC) is formed.

The potential developers and operators of each project may be the IEAT itself or its partnerships with the private sector.

The first industrial estate will likely be in Ban Phu Nam Ron in Kanchanaburi province, which would link with Burma’s Dawei industrial estate project, said Mr Verapong.

He added the feasibility study of the project will be conducted soon.

“This project will serve as a logistic and service centre for the Dawei project,” said Mr Verapong.

In northern Thailand, IEAT is seeking a strategic partnership with the private sector for the development of the Chiang Kong industrial estate near the Golden Triangle in Chiang Rai. This project would focus mainly on agriculture, medicine, electronics and logistic services.

The design phase of this project, to be located in a degraded forest, has already been completed.

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