PTT to release EECi project TOR

BANGKOK, 30 June 2019(NNT)-Regarding the progress of investment in the Eastern Corridor of Innovation (EECi) scheme, PTT Public Company Limited, the national oil and gas conglomerate, is to launch its terms of reference (TOR) for the auction of the Wang Chan Valley development project on a lease of 30 years.
Mrs. Hongsri Charoenvaravoot, the Director of PTT’s Wang Chan Valley Development Project in the EECi, said today that infrastructure, comprising water and electricity supplies and transportation, is being developed to support investment in Wang Chan Valley. Mrs. Hongsri said investment in public utilities is likely to be completed by next year and will be ready for use in 2021.
PTT’s TOR will be open to investors who are interested in investing in community malls, hotels and schools in the EECi. The TOR will be launched in the third quarter of this year. Initially, international schools will be constructed to meet the demand from people working in the ECCi for a term of 30 years. Other areas will then be developed and opened to the public by 2022.
Meanwhile, Globay Power Synergy Public Company Limited will sign an agreement to invest in solar farming, and initiating solar solutions in the EECi. In addition, Huawei Technologies Company Limited will set up an innovation campus in the community area of the EECi.

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