The government needs to revamp investment privileges to support the smooth development of three new economic corridors that are instrumental to increasing investment and rehabilitating the economy over the next 5-6 years, says a central planner.
According to Anek Memongkol, deputy secretary-general of the National Economic and Social Development Council, the Northern Economic Corridor (NEC), the Northeastern Economic Corridor (NEEC) and the Southern Economic Corridor are similar in form to the flagship Eastern Economic Corridor (EEC). They are scheduled to be promoted in the 13th national economic and social development plan that spans 2023-27.
“The government needs to speed up designing not only investment privileges, but also infrastructure projects and related facilities to enable the creation of special development zones while supporting the role of community development,” said Mr Anek. “The government also needs to drive more serious regional development to distribute income to provincial areas and generate economic growth after the pandemic.”
The NEC is designated to cover four northern provinces: Chiang Mai, Lamphun, Lampang and Chiang Rai.
The cabinet in early 2020 approved in principle the NEC development plan, with a target to upgrade income for people in the region, promote community and cultural tourism as well as improve products in the region for export.
He said the NEC has the physical infrastructure for road linkage to neighbouring countries and nearby provinces. This corridor has high potential to develop products for export, said Mr Anek.
“To enhance the competitiveness of businesses and communities in the North, the government may need to develop more infrastructure and facilities including 5G technology in the four northern provinces to help businesses and communities improve their technology,” he said.
The NEEC covers Udon Thani, Khon Kaen and Nakhon Ratchasima provinces. The corridor is expected to manufacture products to supply the EEC and China, with an emphasis on bio-economy development because of plentiful raw materials such as rice, tapioca and sugar cane. Many companies have shown interest in developing bio-economy projects in the NEEC, said Mr Anek.
The government needs to speed up construction of a 202-kilometre Nakhon Ratchasima-Khon Kaen motorway to support the corridor, he said. The Transport Ministry completed a feasibility study on the four-lane motorway estimated to cost 104 billion baht. An environmental impact assessment and design of the project are slated for 2022.
- Peruvian president announces new economic plan for businesses affected by COVID-19 pandemic
- The coronavirus map of New York City where one person dies of coronavirus every nine minutes: Queens and Brooklyn are hot spots in analysis of proportion of tests that come back positive in each borough
- Virus cases top 20,000 in NY as new restrictions start
- America soars past 100,000 coronavirus cases as NYC fights 'catastrophe': One New Yorker dies every 17 minutes and 911 calls hit historic highs amid fears hospitals could collapse in nine days as the Big Apple's death toll hits 450
- New Hampshire targets child, domestic abuse during pandemic
- Vladimir Putin urges G20 countries to work together to find coronavirus vaccine more quickly and declares unemployment a 'key risk' of current crisis as world leaders meet by video conference
- 'It's a warzone': Shocking footage reveals coronavirus patients being treated in corridors at NYC hospital as doctors beg for ventilators and the death toll in the city surges past 1,000
- JICA grants ODA loan of Rs 8,553 crore for dedicated freight corridor
- Migration corridors, trend may change post lockdown
- Xbox Game Pass Adds New Games, Including Power Rangers Title
- Huawei banned from New Zealand's 5G mobile network over security concerns
- Beijing economic census has reason to cheer
- New York prepares to bring out its virus dead: Dozens of makeshift morgues are set up at major hospitals after 98 people died in seven HOURS - bringing the death toll to 776 - as the Mayor warns people may be fined $500 for not staying home
- New Zealand scrubs up for #formalfridays despite coronavirus lockdown
- 'Delay could be deadly': David Cameron urges Greece to make decisive move towards new government to prevent financial ruin
- Japan Cabinet OKs new stimulus package to pump up growth
- Coronavirus update:Donald Trump urged to pause H1B visa programme amid job losses
- Xi visit to write a new chapter in China-Myanmar relations: China Daily editorial
- GOP senators begin informal talks on new coronavirus stimulus
- North-facing deep waterfront at Cammeray sets new sales record
Perk upgrades urged for 3 new economic corridors have 694 words, post on www.bangkokpost.com at September 6, 2021. This is cached page on Health Breaking News. If you want remove this page, please contact us.