The terms of reference (ToR) for the U-tapao aerotropolis worth over 200 billion baht will be open for bidding through a public-private partnership (PPP) in October, with the winner expected to be unveiled early next year.
The Eastern Economic Corridor (EEC) mandated to develop the first phase of the aerotropolis within five year.
Note: The Eastern Economic Corridor (“EEC”) Act is the Thaigovernment’s flagship policy to accelerate infrastructure development and encourage local and foreign investments in the 3 eastern provinces of Thailand including Rayong, Chon Buri and Chachoengsao.
U-Tapao lies approximately 140 km southeast of Bangkok and about a 45-minute drive from Pataya.
Source: Bangkok Post and PWC Thailand