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Cabinet approves ฿730m budget boost for Rayong reservoir project

Cabinet approves ฿730m budget boost for Rayong reservoir project

26 Sept 07:44 Key points summarised by AI
  • Cabinet approved a ฿730 million budget increase and a two-year extension (2022-2027) for the Khlong Phlo reservoir project in Rayong, raising the total budget to ฿4.29 billion.
  • The budget adjustment addresses rising land compensation costs, reflecting market prices, which had previously stalled construction by preventing access to certain areas.
  • This crucial project aims to secure water supplies for over 4,800 hectares of agricultural land, benefit 1,500 households, mitigate flooding, and provide a vital reserve for the Eastern Economic Corridor (EEC).
  • With the revised timeline and budget, the Royal Irrigation Department (RID) will expedite land compensation payouts and construction, targeting completion by fiscal 2027, with strict adherence to the new schedule and budget.
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