Creating the Future of Finance - Breakthrough Innovation slide image

Creating the Future of Finance - Breakthrough Innovation

K KASIKORNTHAI ธนาคารกสิกรไทย 开泰银行 KASIKORN BANK Eastern Economic Corridor (EEC) - Three eastern provinces: Chachoengsao, Chon Buri, and Rayong ■ Objectives: To facilitate and attract investment in innovative target industries aimed at achieving "Thailand 4.0", an innovation driven society (the 12 industries are Next-Generation Automotive, Smart Electronics, Medical and Wellness Tourism, Food for the Future, Robotics, Aviation, Agriculture & Biotechnology, Biofuels & Bio Chemicals, Digital, Medical, Defense, and Education & Human Resource Development) ■ Key Development Plan: An expansion of existing transportation facilities, plus new investment in logistics systems to transform the EEC area (13,266 square kilometer) into a regional center for trade, investment, and tourism ■ Approved Investment: Bt1.8 trn (2018-2022) from (1) BOI's approved projects (private sector investment) Bt 1,091 bn (2) infrastructure investment under Public Private Partnership (PPP) Bt 656 bn and (3) government investment from integrated budgeting Bt 95 bn. ■Investment Incentives: EEC privileges corporate income tax (CIT) exemption of up to 13 years and additional 50% CIT reduction for up to five years for some projects; 15-year CIT exemption for qualified projects under Thailand Competitive Fund (R&D investment); a flat tax rate of 17% personal income tax (PIT) for experts/specialists; long-term land leases (up to 99 Years) D Four Core Areas - 15 Crucial Investment Projects* A U-Tapao airport and aircraft maintenance Sattahip commercial seaport Laem Chabang port phase #3 ((COD)) F 'A' Map Ta Phut port phase #3 Chachoengsao Chonburi High-speed rail - east route Double-track railway Highways and motorway Next-generation automotive (EV/AV) Aviation industry, Robotics, Smart electronics 8 9 10 11 ((CO))) Rayong Advanced petrochemical and Bioeconomy Medical hub * 12 Tourism Approved Investment Amount (Bt1.8 trillion 2018-2022) Approved infranstructure investment under PPP Bt 656 bn Government's approved 0 investment Bt 95 bn BOI's approved investment Bt 1,091 bn 13 Global Business Hub / Free Economic Zone 14 New Cities, Inclusive growth 15 Public Utilities Source: The Board of Investment of Thailand (BOI), and The Eastern Economic Corridor Office of Thailand (EECO) presentation and KResearch projected (as of November 2022) บริการทุกระดับประทับใจ 141 K KASIKORNTHAI EEC Progress Projects ธนาคารกสิกรไทย 开泰银行 KASIKORN BANK Amount Owner Contract Signed Name of the selected JV Beginning Construction Expected project completion High-Speed Rail Linking 3 Airports Bt224.5bn State Railway of Thailand Oct 2019 Asia Era One Co., Ltd (CP led consortium consisting of CP, Italian Thai, CH. Karnchang, China Railway Construction Corp) 1Q23 2029 U-Tapao Airport and Aviation City Bt290bn Royal Thai Navy Jun 2020 U Tapao International Aviation Co., LTD (Bangkok Airways led Consortium consisting of Bangkok Airways, BTS, Sino-Thai) 1Q23 2025 U-Tapao MRO Bt 8.4bn Royal Thai Navy TBC (Maintenance, Repair Overhaul) To Launch Term of References (TOR) for bidding in June 2022 2025 GPC Nov 2021 Laem Chabang seaport (3rd Phase) Bt114bn Port Authority of Thailand (Gulf Energy Development Pcl + PTT Tank Terminal China Habour) 4Q23 (F Dock) 2025 (for F1 Dock) and C NNC Aug 2020 for F Dock Development (NTL Marine + Nathalin + Zhonggang Construction) for Land reclamation project 2Q21 (Land reclamation) 2029 (for F2 Dock) Bt47.9bn Map Ta Phut seaport and (3rd Phase with Phase 3.1 & 3.2) Industrial Estate Authority of Thailand Oct 2019 and PTT Tank Terminal + Gulf Energy Development Pcl 3Q21 2025 for Land reclamation and Natural gas harbor Not define 2025 2026 Bt7.5bn date yet for Liquid cargo harbor and warehouse Source: Newspaper, Eastern Economic Corridor Office of Thailand and KResearch as of January 2023 บริการทุกระดับประทับใจ 142
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