Prachinburi is set to become the fourth province in Thailand's Eastern Economic Corridor (EEC), joining Chonburi, Rayong, and Chachoengsao. This expansion is expected to significantly impact the local economy, particularly in terms of land prices, which have surged from 400,000 baht to 1 million baht per rai due to increased demand from investors. The EEC initiative aims to attract more industries and businesses to the region, enhancing its development and investment potential.
According to Mr. Jukkar Sukhamanap, Secretary-General of the EEC, the expansion into Prachinburi will officially make it the fourth EEC province. He emphasized that if locals support the initiative, the next steps will involve drafting regulations to formalize the expansion and seek government approval. This includes zoning plans that will dictate how land can be utilized, particularly in areas designated for industrial use.
Local sources have indicated that land brokers and influential figures in the area are actively purchasing large plots of land in anticipation of the EEC designation. These investors are targeting both state-owned and privately owned lands, with significant purchases reported in districts such as Kabin Buri and Si Maha Phot. The land acquisition efforts have led to a dramatic rise in prices, with some areas now seeing rates of up to 1 million baht per rai.
Mr. Thanakrit Techapanyarak, President of the Prachinburi Industrial Estate, noted that the influx of investment interest is expected to further drive up land prices. "The inclusion of Prachinburi as the fourth EEC province is positive news for investors, leading to increased demand for land in the area," he stated.
Currently, land prices in the three existing EEC provinces are prohibitively high, making it challenging for new businesses to establish themselves. In contrast, Prachinburi offers a more affordable option, which is likely to attract industries looking for cost-effective locations. The price of land in Prachinburi is currently around 3 million baht per rai, but with the anticipated EEC expansion, it could rise significantly.
The government is actively promoting investment in Prachinburi, aiming to facilitate business operations and reduce bureaucratic hurdles. The Industrial Estate Authority of Thailand (IEAT) is collaborating with local authorities to streamline processes and enhance infrastructure, which is vital for attracting investors.
However, there are growing concerns among local residents regarding the environmental impact of increased industrial activity. Mr. Sunthorn Khomkhai, Chairman of the Prachinburi Chamber of Commerce and Industry, expressed worries that Prachinburi could become a dumping ground for waste from other EEC provinces. "If we don't manage the environmental implications of this expansion, we risk turning Prachinburi into a waste disposal site," he warned.
Local environmental advocates have raised alarms about the potential for industrial facilities that handle hazardous waste to set up operations in the area. They are calling for stricter regulations to ensure that any new developments do not compromise the health and safety of local communities. The fear is that without careful planning, Prachinburi's growth could lead to significant environmental degradation.
In addition to environmental concerns, there are discussions about how the EEC designation will affect local infrastructure. Prachinburi's current infrastructure may need significant upgrades to accommodate the influx of businesses and workers. Local leaders are advocating for improved transportation links and utilities to ensure that the province can handle the anticipated growth.
As the EEC initiative progresses, the government is looking to balance economic development with environmental sustainability. The aim is to create a green industrial estate that minimizes negative impacts while maximizing economic benefits. This includes promoting green technologies and sustainable practices among new businesses.
Despite the challenges, many local stakeholders are optimistic about the opportunities that the EEC expansion presents. With the right planning and investment, Prachinburi could emerge as a key player in Thailand's economic landscape. The government is committed to ensuring that development is both responsible and beneficial to the local community.
In conclusion, while the expansion of the EEC into Prachinburi promises significant economic opportunities, it also raises important questions about environmental management and community impact. As local leaders and investors prepare for this new chapter, the focus must remain on sustainable development that prioritizes the well-being of residents and the preservation of the environment.
