State rejigs EEC investment plansThe government has revised investment plans in the state flagship Eastern Economic Corridor (EEC), as it aims to drive economic growth by 4.5-5% a year between 2022 and 2026. Kanit Sangsubhan, secretary-general of the EEC Office, said the EEC is hoping to become the country's vital investment destination during this period to draw investment at an average of 400-500 billion baht a year. According to Mr Kanit, the EEC Policy Committee's meeting chaired by Prime Minister Prayut Chan-o-cha yesterday endorsed the revised investment plan for the EEC for the period 2022-26 with a combined investment value of 2.2 trillion baht. Under the original investment plan for the EEC, spanning 2018-22, the government had set a target to draw investment of 1.7 trillion baht or an average 300 billion baht a year. Currently, investment has already topped 1.6 trillion baht, accounting for 94% of the target, said Mr Kanit.

Source: Bangkok Post October 05, 2021 02:48 UTC