New Transportation Project Through PPP
New PPP project on Transportation in north of Bangkok
The Government of Thailand, through its Office of Transport and Traffic Policy and Planning (OTP) announced yesterday 22 of April the Phaholyothin Transportation Hub Area project through public private partnership (PPP). The project intends to attract Bt20 billion for railway transport, commercial buildings, metro lines and bus rapid transit in a surface of 372 hectare in north of Bangkok.
Announcement on Project Finance in Thailand
Jus Laws & Consult, J&C, is glad to announce that Mr. Dirk -Henning Stuhr will be joining us as a Project Finance Consultant. During 14 years, he has successfully implemented over 100 projects while supervising and consulting over 400 projects. He has experience working in Project Finance in countries such as Germany, Ecuador, Spain, Holland, South Africa, Austria, Hong Kong, United Arab Emirates and Thailand. He is a well-known expert in Project Implementation, Supply Chain Management, Finance and Logistics. He works in German, English, Spanish and Dutch. He will be supporting the Renewable Energy and Infrastructure projects of our clients in the Corporate Department.
Renewable Energy Sector in Thailand: the challenges
According to the Ministry of Energy (MoEN), Thailand’s energy demand is projected to increase to 246,164GWh in 2020, and even 346,767GWh by 2030. In an effort to maintain the balance between supply and demand, Thai government approved Thailand Power Development Plan 2010–2030 in 2011. The need to match generation capacity with rising demand is expected to support the rapid growth in renewable energy sector over the next years.
Forecast of Thailand Civil Construction
Thai construction industry registered a solid annual growth rate (CAGR) of 6.03% during the period 2009–2013. After Thailand being proposed by ASEAN Economic Community (AEC) in 2015 to be the regional hub, the construction market is expected to grow 3.19% and other firms forecast a 9,15% CAGR. Thai Government has allocated nearly $100 billion for the on-going infrastructure development plan (2014-2021). Thailand’s construction industry is expected to increase in value to US$19.9 billion in 2019 becoming the second-largest market.
Thailand targeting to become hub in Aeronautic Industry
The world aeronautic industry is experiencing a sharp growth with an estimated demand till 2023 of 30,770 aircrafts, which 13,460 will be delivered only in Asia. Thailand, due to its strategic location in the center of Asean, is targeting to become a hub for Airframe Maintenance Repair and Overhaul (MRO), Engine MRO and Component MRO. The development of the Airline Industry will follow a plan divided in 3 phases. Thailand offers attractive tax and non tax incentives for this sector.
Company Registration Growth in Thailand
Company registrations in Thailand reached 6,176 in March 2016. Business Development Department expects around 65,000 companies to be incorporated in Thailand this year. Due to a firm policy on infrastructures and a profitable tourist industry, the World Bank forecasts Thailand growth to 2,5% in 2016 while the Bank of Thailand predicts a 3,1% growth. J&C Corporate Department advice on FBL, BOI and Thai company registration since more than 12 years ago.