Government speeds up EEC projects

The government vows to rev up construction of planned development projects under the Eastern Economic Corridor, which it hopes will form a new engine to drive economic growth. Prime Minister Prayut Chan-o-cha, who chaired meeting of the Committee for Special Development Policy in Special Economic Zones on November 17, said the EEC’s development must take into account innovation, information technology, health care and quality of life for local communities. According to Porametee Vimolsiri, secretary-general of the National Economic and Social Development Board, which handles the EEC development plan, the EEC will entail 173 projects (excluding additional ones assigned by the premier) with total investment of 700 billion baht. Of the amount, the government will allocate 150 billion baht. The remainder will come from joint ventures between the state or state enterprises and the private sector. 

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