Draft contract for Eastern Airport City and U-Tapao airport projects endorsed

14 Sept 03:10 Key points summarised by AI

Thailand's EEC Policy Committee approved the draft joint venture contract for the 290-billion baht Eastern Airport City and U-Tapao airport project.
The vetted contract will proceed to the Cabinet for consideration, with signing anticipated in June between the Royal Thai Navy and the BBS Consortium.
This significant 1,040-hectare development, crucial for the EEC, is projected to create 15,600 annual jobs and generate 1.3 trillion baht in revenue over 50 years, featuring a third passenger terminal, aviation maintenance, logistics, and training centers.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.