According to the implementation plan released in November
2018, terms of reference (TORs) have been issued for six
projects, and 'contract awarded' notices are tentatively
scheduled for February 2019.
The six major Eastern Economic Corridor (EEC) public-private
partnership (PPP) projects are:
- U-Tapao International Airport and Eastern
- high-speed trains connecting three
- development of Map Ta Phut Port Phase
- development of Laem Chabang Port 3;
- U-Tapao Maintenance, Repair and Overhaul
Centre (MRO Centre); and
- innovation and digital parks.
The Eastern Special Development Zone Act 2018 (EEC Act) was
published on May 14 2018. It applies in three eastern
provinces: Rayong, Chonburi and Chachoengsao (and any other
area in the eastern part of Thailand to be prescribed in the
Royal Decree to be announced, as special development zones),
and prescribes a number of incentives for private investment.
It complements and builds upon the Thailand Board of
Investment's (BOI) regime.
Certain parts of the EEC area have been designated as
special economic promotion zones (SEZ) within which 10
'targeted industries' will enjoy additional privileges. These
10 targeted industries are:
- next-generation automotive;
- smart electronics;
- medical and wellness tourism;
- agriculture and biotechnology;
- food processing;
- aviation and logistics;
- biofuels and biochemicals;
- digital services; and,
- intensive medical and wellness hubs.
The additional privileges include: an exemption from
corporate income tax for up to 13 years; the right to bring in
foreign experts in certain fields; foreign ownership of land, a
50-year land lease, with the right to renew for up to 49 years;
the right to own land and condominiums for the purpose of the
business; exemptions from exchange control regulations; and,
exemptions from customs law compliance.
A one-stop service to facilitate the issuance of permits and
licences under a large number of laws is being established to
facilitate starting up businesses in the SEZs.
Thailand has moved up in the World Bank's ease of doing
business rankings from 46 in 2016 to 27 in 2018.
The EEC office was relocated in November 2018 to: 3rd Floor,
CAT Tower, 72 Soi Wat Maungkhae, Charoenkrung Road, Bangrak,
Bangkok 10500. Useful web addresses include: www.eeco.or.th/en/background
Applications for investment in the EEC should be made
through the BOI. See the BOI's website at www.boi.go.th, in particular
the following titles:
- promotional investment procedure;
- online approval request for promotional
investment (E-BOI applications); and
- contract channels for investing in the