SINGAPORE: Thailand is set to upgrade its
U-Tapao civil-military airport near Bangkok to the tune of US$5.7 billion, a
Bloomberg report said on Monday (May 29).
The move is meant to enhance the airport's
capabilities in aircraft maintenance, repair and overhaul in a bid to compete
with Singapore, the report added.
Lockheed Martin Corp.’s Sikorsky Aircraft is
set to study a possible increase in maintenance, repair and operating supplies,
or MRO, spend in Thailand amid plans for the upgrade, said Ajarin
Pattanapanchai, deputy secretary general of the nation’s Board of Investment in
an interview with Bloomberg.
"Singapore is quite tight right now.
"To catch up with the demand of airlines
in the region - especially new demand from Myanmar, Vietnam, Cambodia - and
given that we have existing strengths with automotives and engineering,
Thailand will be the second choice to be the MRO hub," he added.
The project is part of Prime Minister Prayuth
Chan-Ocha's plans to boost the economy, along with potential investments in
high-speed rail, new cities and industry.
Source: CNA/mn
Original post: channelnewsasia.com
High speed rail will be linking the three
Airports
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