CNNC Joint Venture recently signed a construction contract with the Port Authority of Thailand (PAT), according to the media. The companies consisting of NTL Marine, a subsidiary of Prima Marine, Nathalin and China-based Zhonggang Construction Group, completed the setting up of the joint venture. They submitted a bidding proposal to the Port Authority of Thailand for the purpose of construction work of Laem Chabang Port Development Project Phase 3 (Part 1) Off-Shore Construction.
The Laem Chabang Port Development Project is a crucial development in the Eastern Economic Corridor (EEC) of Thailand. Thailand’s current government puts it forward to attract investment, boost innovation, and upgrade the industries.
In July 2020, NTL Marine, Nathalin and Zhonggang Construction Group proposed a bid price of THB21.32 billion to carry out a land reclamation project. It was a part of the third phase of the Laem Chabang Port development project. The CNNC Joint Venture won the e-bidding for Laem Chabang Port. The third phase includes constructing a Single Rail Transfer Operator that connected the port with logistical routes in the EEC and the neighbouring countries.
Earlier this week, the Industrial Estate Authority of Thailand (IEAT) reported that several Japanese companies had expressed interest in investing in clean energy projects in the EEC. More specifically, at the Smart Park Industrial Estate in Rayong province. Weerit Amrapal, the governor of IEAT, then told the media that the Japanese investors are interested in establishing power plants fueled by solar power or hydrogen. IEAT had assured to appoint a committee dedicated to studying the possibility of establishing a carbon-neutral industrial estate in the country.