BTS Group Holdings has confirmed it will continue its investment in the U-Tapao Airport and Eastern Aviation City development project, awaiting the Eastern Economic Corridor (EEC) to finalise investment benefit terms in Thailand. BTS holds shares in the project through U-Tapao International Aviation Company Limited, alongside Bangkok Airways and Sino-Thai Engineering and Construction.
The project, spanning 6,500 rai of the airport and surrounding areas, has experienced delays due to uncertainties over infrastructure investment, including the proposed high-speed rail link connecting three airports, and the lack of a clear Notice to Proceed (NTP). Keeree Kanjanapas, BTS Chairman, emphasised that resolving investment incentives such as tax benefits, expressways, and passenger terminal facilities is critical to attract further investment.
BTS aims for a 10.2 per cent IRR to remain competitive regionally. If finalised, the project could attract over THB200 billion in investments. BTS expects to finalise details with the EEC by December 2025 and will continue close coordination to advance the development of the Eastern Aviation City.