Cabinet signs off on B3.22bn port deal

Map Ta Phut Industrial Port will be handled by the Industrial Estate Authority of Thailand and Thai Connectivity Terminal under the joint venture deal. Arnun Chonmahatrakool

The cabinet has approved a public-private partnership deal worth 3.22 billion baht to manage the Map Ta Phut Industrial Port in Rayong province.

According to Rachada Dhnadirek, a deputy government spokeswoman, the joint venture deal to run the Map Ta Phut Industrial Port will be handled by the Industrial Estate Authority of Thailand (IEAT) and Thai Connectivity Terminal (TCT). The concession with the current operator is scheduled to expire on Sept 16 this year.