THAILAND - Proposed site for ICEC finally selected

Phuketgazette.net, October 8, 2007

Investment group ING Funds (Thailand) has chosen a 350-rai plot of Treasury Department land in Mai Khao as the preferred site for the Phuket International Convention and Exhibition Center (ICEC).The announcement came during a meeting of the project’s siting committee chaired by Phuket Governor Niran Kalayanamit at Phuket Provincial Hall on Thursday.In announcing its conclusion, ING Funds (Thailand) Managing Director Maris Tarab told the committee his firm hopes to fund the three-billion-baht project at the island’s northernmost tip through a limited public company that would be set up by the Treasury Department, if the idea is approved by the Finance Ministry. The seaside site was chosen over a 250-rai locale privately owned by the other finalist, Anuphas & Sons off Chao Fa West Rd in Wichit.

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