Border SEZ bid conditions softened

The Treasury Department has set lenient conditions for the coming bidding to develop state lands in Mukdahan and Nong Khai provinces into special economic zones to draw bidders. The relaxed conditions include land development experience in wider fields, an extension of development proposal submissions, change in construction cost presentation models and permission to allow winners to sublease the developed land, said Chakkrit Parapantakul, director-general of the department. The previous conditions limited bid winners’ experience to only industrial estates, but the new rules allow property developers with experience in building logistics or manufacturing plants, he said.

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