Thailand Approves Nearly $1 Billion Investment in LNG Terminal Project

(P&GJ) — The Thailand Board of Investment (BOI) granted investment privileges to projects worth a combined 56.6 billion baht ($1.64 billion) that will strengthen the country's infrastructure, especially in the energy and digital sectors.

"The projects that have been granted investment privileges today will help strengthen the country's infrastructure, which is a key factor in attracting more foreign investment," Mr. Narit Therdsteerasukdi, Secretary General to the BOI, told reporters at a briefing held at Government Houses after the board meeting chaired by Prime Minister General Prayut Chan-o-cha.

The projects presented by both local and foreign investors that were approved, and granted a series of both tax and non-tax benefits, include a 32.7 billion ($0.96 billion) baht investment in a liquified natural gas (LNG) terminal project, and a 5 billion baht ($0.15 billion) investment in a cogeneration power plant project by a Thai-Singapore  joint venture.

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