Details of the Development Project of Map Ta Phut Industrial Port Phase 3
Project Location |
In the premise of approximately 1,000 rai of Map Ta Phut Industrial Estate, Map Ta Phut Sub-district, Mueang Rayong District, Rayong Province |
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Objectives |
1) To increase capacity for shipment of natural gas and liquid cargoes at Map Ta Phut Port
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2) To increase a number of public berths |
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3) To follow the Eastern Economic Corridor (EEC) infrastructure development plans |
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4) To enhance energy stability in Thailand |
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Project |
In a form of Public Private Partnership (PPP) |
Investment Model |
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Project Components |
Comprises of two components as follows:
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Part 1 Basic Infrastructure Work
Includes dredging and land reclamation, dredging navigation channel and maneuvering basin, construction of breakwaters, construction of basic facilities, and installation of marine navigation control system
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Part 2 Berth Construction Work
Consists of 6 berths—two liquid cargo berths, three gas carrier berths, and one general cargo berth, along with one warehouse and natural-gas related business premise
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Project |
Approximately 55,400 million Baht (45,480 million Baht |
Investment Value |
for the first part of work) |
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Project Duration |
Approximately 30 years (including construction and operation) |
For the Development Project of Map Ta Phut Industrial Port Phase 3 (Part 1), 18 private organizations and 1 joint venture are interested in investment of this project. The only firm that bids for this project is Gulf Plc. and PTT Tank, which is a merger of Gulf Energy Development Plc. (GULF) and PTT Tank Terminal Co., Ltd., an affiliate of PTT Plc. The shareholder ratio is 70 and 30 percent respectively. In May 2019, IEAT has summed up the project cost and return. Currently they are seeking approval from EEC and the cabinet, and requesting the Office of the Attorney General to consider the project contract afterwards. They expect to sign a joint venture contract with private sector for a start of basic infrastructure development work (Part 1) by July 2019.
The Development Project of Map Ta Phut Industrial Port Phase 3 (Part 2) is an investment on constructing berths to facilitate shipment of liquefied natural gas (LNG) and liquid cargoes for petrochemical industry. This construction is expected to start in 2023.
The aim of Map Ta Phut Industrial Port Phase 3 Development Project is to increase annual shipment of natural gas and liquid cargoes for petrochemical industry to 19 million tonnes in the next 20 years. This development project is expected to complete and start its operation in 2025. This part of Eastern Economic Corridor (EEC) development plans will help stimulate and improve Thailand’s economy.