Thailand Seeks Private Investment for Airports

• Proeksa Meas
• 25 July 2017
• Construction Focus
• 2052 Views

Thailand is seeking private investment to expand 28 regional airports and develop one new site in an effort to become the main aviation hub in Southeast Asia.

The Department of Airports will draw up business plans for each of the 800 hectare sites to be published at the end of July.

The public sector budget for refurbishment in 2018 has been set only at USD195m, with priority being given to upgrading Krabi, Nakhon Si Thammarat and Khon Kaen, all of which need larger passenger terminals, new runways and parking bays.

The small state allocation leaves room for private investors to step in.

Thailand is ideally situated to complete against Vietnam, Malaysia and Singapore to be the regional aviation hub.