Foreign and local investors have shown interest in the cruise terminal development project on Koh Samui, as reported by Deputy Transport Minister Manaporn Charoensri. The Ministry of Transport is set to evaluate the outcomes of a feasibility study on the project’s potential Public-Private Partnership (PPP) investment approach before presenting it to the cabinet for review.
In an update shared on Tuesday, Ms. Manaporn discussed the progress of the new cruise terminal initiative for the popular holiday destination in Surat Thani province. The study on the PPP model, conducted by the Marine Department, will be reviewed by the ministry and later proposed to the National Economic and Social Development Council (NESDC) for deliberation. The cabinet is anticipated to approve the project by September to initiate the process of selecting private partners.
Subsequently, an Environmental and Health Impact Assessment (EHIA) is slated to follow, with an estimated duration of around 18 months. Construction is anticipated to commence in 2029, with the project scheduled for launch by 2031. Initial market inquiries have revealed interest from at least three potential investors, including domestic firms like Bangkok Airways Plc and a group from Phuket and Koh Samui, alongside a Japanese shipping line operator.
The PPP study has identified a suitable 47-rai land plot near Laem Hin Khom in Tambon Taling Ngam as the ideal site for the cruise terminal, incorporating both onshore and offshore areas. The project, estimated to involve an investment of approximately 12.17 billion baht, will feature a passenger terminal with a capacity for 1,200 passengers per hour and facilities to cater to two cruise ships simultaneously, along with provisions for yachts and ferries.
Further economic benefits are projected from tourists on cruises, with expected per capita spending during their visits and an overall revenue forecasted at 8.5 billion baht from the venture.