THAI­LAND EYES US$5.7B AIR­PORT UP­GRADE

Na­tion aims to take on Sin­ga­pore, catch up with re­gional de­mand

New Straits Times - - Business -

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

BLOOMBERG PIC

Siko­rsky Air­craft is the lat­est firm to con­sider an in­crease in main­te­nance, re­pair and over­haul spend­ing in Thai­land.

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