Sunday, June 25, 2017
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A meeting of the National Council for Peace and Order (NCPO) on Tuesday approved the invocation of special power under Article 44 of the interim charter to accelerate the development of projects in the Eastern Economic Corridor (EEC).

Invocation of this special power is expected to take place in the next few days, covering three areas, said Government Spokesman Lt-General Sansern Kaewkamnerd.

First, it will be executed to speed up the conduct of environment impact assessment (EIA) of each of the planned key projects in the EEC, with the national environment committee being able to appoint a panel of experts to dedicatedly study the environment impact of specific projects.

Foreign experts will also be allowed to sit on this committee, which will have to finish the EIA study of each project within a year of receiving the preliminary EIA report on the project, he said.

Second, the special power provided for under Article 44 will empower the board steering EEC development policy to approve the various public-private partnership (PPP) projects that will be set up in the corridor, without the need to seek consideration of the PPP committee, the spokesman said.

However, approvals of these PPP projects will have to involve consultation with the Finance Ministry and related state agencies in order to ensure transparency.

Third, Article 44 invocation will permit foreign private-aviation firms to hold a share of more than 50 per cent in aviation-related businesses they plan to invest in the EEC’s aviation industry zone, Sansern said.

Industry Minister Uttama Savanayana said the board steering EEC development policy, which is chaired by Prime Minister Prayut Chan-o-cha, would have direct authority to consider on a case-by-case basis which foreign companies should be allowed to over 50 per cent in aviation businesses within the zone, as the privilege would not be on offer to all foreign entities.

Foreign firms eligible to enjoy the privilege must submit proposals that cover investment, technology transfer, local employment, and a plan to support related businesses in Thailand, the minister explained.

The EEC – taking in the provinces of Chachoengsao, Chon Buri and Rayong – is targeted for massive infrastructure spending to support technologically advanced industries.

 

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