Construction of Thailand’s $8.8bn airport city to take off
By Reuters and Neil Gerrard27 January 2023
Thailand will start construction of its 290-billion baht (US$8.8 billion) U-Tapao aviation city this year, according to Reuters.
A government spokesman has confirmed that the project will begin early in 2023.
It involves turning the Vietnam-war-era U-Tapao airport into the third main international airport in the country. U-Tapao will link with a budget terminal, Don Muang airport, and the country’s main Suvarnabhumi airport.
A public-private partnership will fund the project. Design and consultancy firm One Works has already won a deal with infrastructure business GMR Group, Thai AirAsia and other stakeholders to develop a masterplan.
The project, called ‘Eastern Aviation City’ will cover 1,040 hectares and is expected to create 15,600 jobs.
In addition to the construction of a third passenger terminal, the project will also see the construction of a ground transportation centre, logistics and cargo complex, a cargo village for a free trade zone, and a commercial centre.
The project will serve as the main anchor for Thailand’s Eastern Economic Corridor for Innovation (EECi).