Rental waiver proposed to accelerate investment in SEZs
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The Treasury Department will propose a waiver of two years’ rent for private bidders that win development projects in special economic zones (SEZs) and commence work within one year of signing a contract, in an effort to encourage faster investment in the zones.
Amornrat Klamplob, deputy director-general of the department, said on Tuesday that the agency would present a committee for SEZs, chaired by the prime minister, with a proposal to provide additional privileges, including a rental waiver for SEZ developers on state land if they expedite their investment to develop projects in accordance with the stipulated schedule.
In regard to the joint request by the Federation of Thai Industries and the Board of Trade of Thailand to set aside a 500-rai (80 hectares) plot in Kanchanaburi province for small and medium-sized enterprises, the department will charge annually at the lowest rental fee of Bt1,200 per rai and a land-usage fee of Bt400 per rai, over a 30-year rental period, Amornrat added.
