THAILAND EYES US$5.7B AIRPORT UPGRADE
Nation aims to take on Singapore, catch up with regional demand
TORONTO engineering, Thailand will be the second choice to be the MRO hub.”
The airport project is part of junta leader Prime Minister Prayuth Chan-Ocha’s goal of boosting the economy, whose expansion has lagged behind neighbours since the military seized power three years ago.
It’s also a key component of a plan to invest 1.5 trillion baht (RM188 billion) between 20172021 to develop the country’s eastern seaboard.
Apart from the airport in the Eastern Economic Corridor, the plan calls for US$4.5 billion investment in high-speed rail, US$11.5 billion for new cities and US$14 billion for industry.
The government will control and maintain the airport and a port. Other projects will be public-private-partnerships or privately held. Bloomberg
Sikorsky Aircraft is the latest firm to consider an increase in maintenance, repair and overhaul spending in Thailand.