Thailand to open Smart Park the nation’s first high-tech industrial estate

The Thai government is in the process of establishing the kingdoms first Smart Park, a high-tech industrial estate expected to be constructed in Rayong which experts have estimated will cost a total of 12 billion baht to build.

It is estimated that the project will be complete in 2020 and the park to be fully operational by 2021.

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A memorandum of understanding was signed between the Industrial Estate Authority of Thailand (IEAT) and five businesses who intend to partner with IEAT on the project yesterday.

Thailand to open Smart Park the nation’s first high-tech industrial estate

Current negotiations have resulted in an agreement that IEAT will pay 2 billion baht towards the project with the 5 partners contributing the remaining 10 billion baht.

The partners on the project consist of Bangkok’s Mass Transit System, Global Utility Services Co, PCPG Plc, Bangkok industrial Gas Co and the Eastern Economic Corridor Office.

IEAT intends to construct the park in Map Ta Phut in Rayong and the government aims for the new park to serve as a base for their targeted S-curve industries which includes robotics and aerospace industries.

IEAT governor Veerapong Chaiperm said that the government expects over 60 businesses to invest over 40 billion baht into the industrial estate once it is complete.

Bangkok’s Mass Transit Office say they are interested in constructing railways to service the park and there are currently plans being drawn up to connect the site of the park to existing railway lines by laying 4 kilometres of track across 1,500 rai of land.

Future plans include linking the park with U-tapao airport which is 17 kilometres away from the proposed site of the park.

Source : Bangkok Post

Content : LovePattayaThailand

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