Featuring prominently on the platform in San Francisco this week, Chayatham Promsorn, the steely permanent secretary for Thailand’s Transport Ministry, presented an engaging and exciting business proposition that’s garnered substantial interest from global investors. The proposition revolves around an ambitious infrastructure project, set to significantly enhance Thailand’s standing as a major hub in the dynamics of global trade, and it all starts at the APEC Economic Leaders’ Week, happening in the bustling, tech-forward U.S. city.
Chayatham, together with the authoritative PM and the astute Finance Minister Srettha, executing their leadership impeccably, are championing Thailand’s economic future. The stage is set for them in the United States, and their plan? The development of two state-of-the-art deep seaports – stationed in the beautifully scenic Ranong and Chumphon. Additionally, they’re suggesting encompassing motorways and cutting-edge double-track railways to ensure these ports are linked prolifically, thereby creating a groundbreaking trade artery between the Pacific and Indian Oceans.
The resolute Srettha has been making waves around the international business community, marketing this exceptional project at numerous international platforms with a dedication that is both impressive and inspiring. With a staggering budget of 1.4 trillion baht, the project is designed to usher in an era of enriched global trade relationships for Thailand.
As Chayatham mentions, the interest from U.S. investors is palpable and this enthusiasm has inspired the Thai government to host a highly anticipated roadshow. “This roadshow will serve as a sounding board for investors to voice their requirements for depositing their valuable investments in Thailand,” Chayatham said. He further explained that a specialized law would be put in motion, akin to the dynamic legislation introduced for the Eastern Economic Corridor.
Understanding the diversity and the complexities of such a grand project, the Transport Ministry is eager to compile the investor’s perspectives gathered at the stimulating roadshow in San Francisco. By creating a comprehensive data set, the outcomes would help ascertain the requirements which could potentially be fulfilled under present laws and the ones that would necessitate the implementation of a new, specialized law.
The Thai government is dedicated to providing an attractive environment for foreign investors. Thus, it plans to introduce a tailor-made law for this megaproject within the next couple of years. In order to oversee this complex enterprise, a dedicated administration will be established. With the legal groundwork laid and administration in place, investors worldwide would then be invited to invest, marking the beginning of a new era in Thailand’s contribution to the dynamics of international trade, as announced by the enthusiastic Chayatham.
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