A recent article in the “Pattaya Mail” states that the Thai Prime Minister General Prayut Chan-o-cha has advised both his local and regional government policy makers to adopt Japan’s Kansai model as an economic blueprint for the Eastern Economic Corridor. Mr. Kobsak Pooyrakool who’s the Assistant Minister to the Prime Ministers Office corroborated this fact in a recent press announcement earlier in the week. The Assistant Minister went on to state that the Prime Minister believes that the proposed Eastern Economic Corridor (EEC) has some remarkable similarities to what was done in Kansai Japan.
In a bid to bolster local agriculture and industry in the modern post World War 2 period Japan invested wisely in huge infrastructural projects in the 3 regional economic hubs of Osaka, Kyoto and Kobe, which were centred on modern harbours, ports, airports (Kansai International Airport), roads, highways and high-speed rail networks. Since it’s earliest inception the Kasai economic blueprint model has been proven to be an unparalleled success and it’s quite understandable that the Prime Minister wisely wishes to emulate it in the 3 eastern seaboard provinces of Chachoeng Sao, Chonburi and Rayong.
Future planned projects such as the creation of new motorways; electric rail networks and improvements to Pattaya’s regional airport U-Tapao together with the expansion of deep-sea ports are also in the works. Obviously this is great news for Pattaya as the economic knock on effect is sure to bolster and increase local regional property prices in and around Pattaya. There is no better time like the present to ride the economic wave, which is sure to follow by wisely investing in local Pattaya real estate.
On a more personal note as both a long term expat and the author of this article I’m extremely bullish on the future of Pattaya and the recent introduction of the passenger ferry service between Pattaya and Hua-Hin serves as further evidence of this.