| Project Detail |
SUMMARY
STATUS
Proposed
MEMBER
Thailand
SECTOR
Transport
E&S CATEGORY
Category A
PROJECT NUMBER
000575
FINANCING
PROPOSED FUNDING AMOUNT
USD431.25 million
FINANCING TYPE
Sovereign
TIMELINE
CONCEPT REVIEW
November 24, 2021
APPRAISAL REVIEW/FINAL REVIEW
July 6, 2022
OBJECTIVE
To expand the U-Tapao International Airport into a state-of-the-art, commercial airport, to improve Thailand’s international and regional connectivity and support the development of the Eastern Economic Corridor (EEC).
DESCRIPTION
The U-Tapao International Airport (UTIA) is the only air transport facility in the Eastern Economic Corridor (EEC) region, which neighbors Bangkok (140 km), and consists of the Chachoengsao, Chonburi, and Rayong provinces. The Project consists of the construction of the second runway and taxiway at the UTIA and forms a critical piece of the overall UTIA expansion.
The Project is the government’s contribution to the airport expansion and operation which will be carried out under a Public-Private-Partnership (PPP) scheme; it is part of the viability gap financing of a Concession Agreement which has been awarded in 2020 to a joint venture for a 50-year period.
This Project is part of Thailand’s EEC, which aims to develop the less-developed southeast part of Thailand. The EEC includes a mixture of public and private sector investments framed in a long-term development plan. Amongst others, the EEC includes the capacity expansion of UTIA, the construction of a high-speed rail connecting Suvarnabhumi International Airport, Bangkok (metropolitan area), Don Mueang International Airport, and UTIA, the expansion of Map Ta Phut Port and Laem Chabang Port and the development of an airport city around UTIA. |
