Infrastructure & PPPs in Thailand - Q1 2026 Update

YOG INFRA
2 days ago
16 min read

THAILAND has notifed a USD 11.46 Bn transport pipeline to boost regional connectivity. Urban mobility is expanding through a rail network set to exceed 550 km, alongside smart ticketing and EV initiatives. Aviation, ports, and cruise terminal upgrades are strengthening its role as a tourism and logistics hub. Renewable energy growth is accelerating via solar, biomass, and waste-to-energy projects backed by ADB and private investors. We also see a growing focus on development of green data centres, with projects worth USD 3.1 Bn already identified to position Thailand as a rising digital hub in Southeast Asia

Read more about key developments in Infrastructure and PPPs in the country in our latest insight for the country.

JANUARY 2026

THAILAND’S TRANSPORT MINISTRY LINES UP 11 INFRASTRUCTURE MEGAPROJECTS WORTH USD 11.46 BN FOR 2026

Thailand’s Ministry of Transport has prepared a pipeline of 11 major infrastructure megaprojects with a combined value of THB 359.8 Bn (USD 11.46 Bn), which are expected to be submitted for Cabinet approval in 2026 once a new government is in place. The programme is positioned as a key economic stimulus tool, targeting job creation and construction-sector activity amid political transition and delayed approvals for long-term budget commitments.

The proposed projects span three core segments. Road and expressway developments account for six projects. Rail investment focuses on three double-track railway projects under Phase 2 of the national programme & four sub projects under two major aviation investment Projects:

Chalong Rat Expressway–Outer Bangkok Ring Road (East), valued at THB13.67 Bn (USD 436.7 Mn): The Ministry of Transport has submitted the proposal to the Cabinet Secretariat, and it is awaiting placement on the Cabinet agenda.
Bang Pa-in Junction development, split into two parts: A junction linking Motorway M6 with Highway 32, worth THB 5.55 Bn (USD 177.0 Mn); and A junction linking Motorway Route 9, worth THB 4.10 Bn (USD 130.8 Mn). Both projects are being consolidated by the Department of Highways for submission to the Ministry of Transport.
Western Outer Ring Road Motorway (M9), Bang Bua Thong–Bang Pa-in, worth THB 15.86 Bn (USD 505.6 Mn): The Ministry of Transport has submitted it to the Cabinet Secretariat, and it is awaiting agenda placement.
Srinakarin–Suvarnabhumi Airport Expressway, worth THB 20.81 Bn (USD 664.1 Mn): The Expressway Authority of Thailand (EXAT) is preparing to submit the proposal to the Ministry of Transport.
Nakhon Pathom–Cha-am Motorway (M8) and a Public-Private Partnership (PPP) systems package for the Nakhon Pathom–Pak Tho section, worth THB 61.15 Bn (USD 1.95 Bn): The Ministry of Transport is currently seeking feedback from relevant agencies and is awaiting responses.
Phuket Expressway project (Muang Mai–Koh Kaew–Kathu), worth THB 46.75 Bn (USD 1.49 Bn): The project is in the agency consultation stage before being consolidated for submission to the Cabinet.
Chumphon–Surat Thani, THB 29.10 Bn (USD 928.3 Mn), Surat Thani–Hat Yai–Songkhla, THB 64.58 Bn (USD 2.06 Bn), Hat Yai–Padang Besar, THB 7.57 Bn (USD 241.6 Mn).
Suvarnabhumi Airport East Expansion, THB 13.83 Bn (USD 440.9 Mn), aimed at increasing capacity from 65 million passengers per year to 80 million.
Don Mueang Airport development, Phase 3, THB 36.83 Bn (USD 1.17 Bn), to raise capacity from 30 million passengers per year to 40 million.
Chiang Mai Airport development, Phase 1, THB 24 Bn (USD 765.6 Mn), to expand capacity from 8 million passengers per year to 20 million.
Phuket Airport development, Phase 2, THB 16 Bn (USD 510.4 Mn), to increase capacity from 12.5 million passengers per year to 18 million.

LEVANTA RENEWABLES ACQUIRES 93 MW SOLAR PORTFOLIO IN THAILAND TO BOOST SOUTHEAST ASIA CLEAN ENERGY CAPACITY

Levanta Renewables, a portfolio company of UK investment firm Actis, has bought 93 MWp of ground-mounted solar parks in Thailand, further expanding its foothold in the country. The transaction, the value of which was kept under wraps, supports Levanta’s growth strategy in Southeast Asia and its goal to reach 1.5 GW of installed capacity across the region by 2028.

The acquired portfolio comprises plants located in eight provinces and with a combined annual output of over 140 GWh. The generated electricity is delivered to the Provincial Electricity Authority (PEA) and the Metropolitan Electricity Authority (MEA) under long-term power purchase agreements (PPAs).

Singapore-headquartered Levanta operates across Thailand, the Philippines, Vietnam and Malaysia. The company already has more than 330 MWp of capacity in operation in Thailand, where it acquired a 91-MWp fully operational ground-mounted solar portfolio across 10 sites in the Suphanburi and Kanchanaburi provinces.

IFC INVESTS UP TO USD 100 MN IN THAILAND'S KASIKORNBANK TO BOOST SUSTAINABLE FINANCE

As part of continuing efforts to promote sustainable, resource-efficient practices and promote job creation, the International Finance Corporation (IFC), a member of the World Bank Group, is investing up to USD 100 Mn in a green bond issued by KASIKORNBANK Public Company Limited (KBank), one of Thailand’s largest commercial banks.

This is IFC’s first investment in KBank. The bond is expected to reduce pollution and improve environmental standards, while creating jobs and supporting innovation across priority sectors. Proceeds of the bond will be used to support the growth and diversification of KBank’s sustainable assets, including green buildings and electric vehicles.

Beyond financing, IFC has been working with KBank on knowledge sharing and capacity building initiatives aimed at diversifying the bank’s sustainable assets and strengthening its environmental and social (E&S) practices. The partnership with KBank is expected to support a strategic shift toward sustainability and efficiency for industries and companies, particularly those in sectors essential to core aspects of local economic development, including mobility, housing, and infrastructure.

KOREA EXPRESSWAY CORPORATION EXPANDS INTO ASEAN WITH THAILAND ROAD PARTNERSHIP

Korea Expressway Corporation has signed a memorandum of understanding (MoU) with the Expressway Authority of Thailand (EXAT), marking a significant step in Korea’s expansion into Southeast Asia’s road and transport infrastructure market.

Under the MoU, the two agencies will cooperate across the full expressway lifecycle, including planning, design, construction, operations, and safety management. A key focus is the exchange and joint development of advanced technologies such as intelligent transportation systems (ITS) and electronic toll collection systems (ETCS), alongside personnel exchanges, expert dispatch, and joint seminars to share policy and operational experience.

EXAT, a state enterprise under Thailand’s Ministry of Transport, operates seven toll expressway routes in and around Bangkok, covering about 224 km with 127 toll plazas. The authority generates roughly KRW 600 Bn (USD 407.17 Mn) annually in toll revenue and plays a central role in Thailand’s urban mobility network.

Korea Expressway Corporation partnership represents a strategic turning point that combines Korea’s strengths in expressway operations and safety management with Thailand’s experience in dense urban traffic environments. Both sides expect the cooperation to improve efficiency and safety on Thailand’s expressways, while also opening the door for joint international projects and wider deployment of Korean smart transport technologies across ASEAN.

BOI APPROVES SEVEN DATA CENTER PROJECTS WITH TOTAL INVESTMENT OF USD 3.1 BN IN THAILAND

The Thailand Board of Investment (BOI) officially approved seven significant data center and data hosting projects. This decision highlights a strong commitment to enhancing the nation’s digital infrastructure and positioning Thailand as a premier Digital Innovation Hub in ASEAN.

As demand for digital services grows, Thailand needs strong and reliable infrastructure to support long-term growth. These strategic investments are crucial for accelerating Thailand’s digital transformation, and by building secure and high-performance data capabilities, we are fulfilling the rising demand and enabling businesses to innovate and prosper, both domestically and across the region. The approved projects collectively represent a substantial investment of over USD 3.1 Bn and significant technological advancement, reflecting strong confidence in Thailand’s digital future.

True Internet Data Center Co. Ltd: 3 data center projects with total investment of around USD 1.4 Bn, with a combined IT load of 223 MW, located in Chonburi and Samut Prakan.
GSA Data Center 05 Co. Ltd: 2 projects with total investment of roughly USD 1.2 Bn, located at WHA Eastern Seaboard Industrial Estate 5 (Rayong) and in Samut Prakan, with a combined IT load of 120 MW.
Stellar DC Co. Ltd: Total investment of USD 300 Mn; a STECON Group project co-developed with SC Zeus Data Centers (Singapore), located in Bangkok, supporting an IT load of 25 MW.
Freyr Technology (Thailand) Co. Ltd: A Singapore-based entity with total investment of USD 200 Mn in data hosting project, with facilities located in Rayong and Samut Prakan.

Data center projects are expected to generate significant economic benefits. These projects are anticipated to lay the foundation for the future creation of highly skilled jobs for Thai professionals in critical technology fields. The sector’s ongoing focus on high efficiency “Green Data Centers” aligns with global sustainability trends and supports Thailand’s commitment to responsible development.

THAI AIRWAYS INVEST TO DEVELOP USD 361 MN SMART MRO HUB AT U-TAPAO AIRPORT

Thai Airways International Public Company Limited is set to seek board approval for an investment of more than THB 13 Bn (USD 361 Mn) to develop a smart Maintenance, Repair and Overhaul (MRO) hub at U-Tapao International Airport in Ban Chang district, Rayong. The project will be implemented on a 33.6-hectare site leased from the Eastern Economic Corridor (EEC) for 50 years, with construction scheduled between 2027 and 2030.

The MRO facility will be developed as a smart hangar complex and is planned to operate alongside U-Tapao Airport’s second runway, which entered construction in late 2025. Thai Airways will be responsible for the core infrastructure and operations, positioning the hub as a world-class aircraft maintenance centre. The project forms part of the wider aviation city development under the EEC framework.

Under the concession terms, Thai Airways will pay lease fees to the EEC and share revenue with the state starting from the fifth year of operation. Revenue sharing is structured at 3% in years 5–10, 5% in years 10–15, and 7% from year 15 onwards. The airline will also allocate around 4.8 hectares within the site for Bangkok Airways, which plans to invest approximately THB 2 Bn (USD 55.6 Mn) to develop a narrow-body aircraft maintenance hangar with parking capacity for about two aircraft.

OPEN-LOOP CONTACTLESS FARE SYSTEM INTRODUCED ON PHUKET SMART BUS

Phuket City Development Co., Ltd. (PKCD) has launched EMV-based Tap & Go contactless fare payments on the Phuket Smart Bus network, enabling passengers to pay fares using contactless debit and credit cards without cash or tickets. The system has been introduced in partnership with Mastercard as the technology provider and Krungthai Bank Public Company Limited as the payment backend provider, supporting open-loop payments on electric bus services in Phuket. The EMV contactless system has been deployed on two key routes: the Phuket International Airport–Rawai route, which connects the airport with major tourist destinations along the west coast, and the Phuket Old Town loop, known as the Dragon Line.

PKCD stated that the introduction of contactless payments is aimed at modernising Phuket’s public transport system, improving convenience for residents and international visitors, and reducing fare collection costs for operators. The launch positions Phuket alongside more than 390 cities globally that have adopted contactless payments in public transport, supporting the province’s broader strategy to develop as a smart tourism destination connected to the global digital economy.

ELRIDGE ENERGY SIGNS 100,000-TONNE BIOMASS SUPPLY MOU WITH THAILAND

Elridge Energy Holdings Bhd is expanding its regional footprint after its wholly owned subsidiary, Bio Eneco Sdn Bhd, signed a memorandum of understanding with Thailand's Berkana Power Co Ltd. The agreement covers the supply of biomass fuel to the Thai power generation market, marking a strategic move for the group as South-East Asia increases its renewable energy requirements.

Under the terms of the MoU, Bio Eneco is slated to deliver 10 shipments per year, totalling approximately 100,000 metric tonnes of biomass fuel annually. The initial period is set for one year and includes an automatic renewal option, providing a framework for long-term supply continuity.

NTT SIGNS 100 MW PPA WITH B. GRIMM POWER IN BANGKOK, THAILAND

Data center developer NTT Data Centers has signed a 100MW Power Purchase Agreement with Thai electrical utility B. Grimm Power to power its upcoming Bangkok 4 data centers in Thailand. The PPA was signed with B. Grimm’s subsidiary, Amata B. Grimm Power, and will power the latest data center being developed at NTT’s Chonburi campus. Energization at the data center is expected to occur in Q2 of 2027.

The deal builds on several previous agreements between the two companies, with B.Grimm powering NTT’s Bangkok 2 and 3 facilities, both located at the Amata City Chonburi industrial estate. NTT’s Bangkok 2 facility, launched in 2015, offers 3.6MW across 3,800 sqm (40,902 sq ft). Its Bangkok 3 facility spans 4,000 sqm (43,055 sq ft) and has a capacity of 12MW.

BANGKOK PLANS PEDESTRIAN AND CYCLING BRIDGE LINKING SONG WAT AND KLONG SAN

The Bangkok Metropolitan Administration (BMA) is advancing plans for a new pedestrian- and bicycle-only bridge across the Chao Phraya River, linking Song Wat Road in Bangkok’s Old Town (Phra Nakhon side) with the Klong San district on the Thon Buri side. Chulalongkorn University has been commissioned to study and design the project, with the bridge intended to serve as a new urban landmark and non-motorised river crossing.

The proposed bridge would span more than 300 metres between the former Sawasdee Pier on Song Wat Road and the former Wat Thong Thammachart Pier in Klong San. Early concept designs indicate a minimum width of six metres and a height comparable to existing road bridges, with structural piers located only on the riverbanks to keep the navigation channel unobstructed. The bridge is planned exclusively for pedestrians and cyclists.

The project is part of Bangkok’s broader urban mobility and tourism development strategy, aiming to create a new city landmark, extend tourism flows from Song Wat and Yaowarat to Thon Buri, and stimulate local economic activity. If completed, it would become Bangkok’s second pedestrian bridge across the Chao Phraya, following the Chao Phraya Sky Park opened in 2020. Subject to design finalisation and budget approval by the Bangkok Council, construction could begin around 2028, with completion targeted for 2030.

THAILAND’S ELECTRIC RAIL NETWORK TO EXCEED 550 KM UNDER ONGOING AND PLANNED URBAN RAIL PROJECTS

Thailand’s electric mass transit rail network is planned to reach a total length of 553.41 km across 33 routes. As of early 2026, 279.84 km—around 50.6% of the planned network—is already operational in Bangkok and its surrounding metropolitan areas.

The operational system comprises multiple lines, including the Green Line (Mo Chit–Samut Prakan, Mo Chit–Ku Kot, and Sport Complex–Bang Wa sections), Blue Line (Bang Sue–Hua Lamphong, Bang Sue–Tha Phra, and Hua Lamphong–Bang Khae), Airport Rail Link, Purple Line (Bang Bua Thong–Taopoon), Gold Line, Red Line (Bang Sue–Rangsit and Bang Sue–Taling Chan), Yellow Line, and Pink Line (Khae Rai–Min Buri and Muang Thong Thani spur). Together, these routes form the core of Bangkok’s existing electric rail network.

Several major projects are under construction or scheduled for implementation. The Orange Line (Thailand Cultural Centre–Min Buri, 22.5 km) is targeted for opening in 2028, while the Purple Line southern extension (Taopoon–Ratchburana, 23.6 km) and the western section of the Orange Line (Cultural Centre–Bang Khun Non, 13.4 km) are planned for opening around 2030. In addition, two Red Line extensions—Siriraj–Taling Chan–Salaya (20.5 km) and Rangsit–Thammasat University Rangsit Campus (8.84 km)—are approved, with contracts expected to be signed and construction to commence in 2026.

FEBRUARY 2026

ADB BACKS USD 350 MN FOR THREE SOLAR-PLUS-STORAGE PROJECTS IN THAILAND

The Asian Development Bank has signed off a USD 350 Mn loan to finance the construction of three solar projects in Thailand. The loan facility is being delivered to Bangkok-headquartered developer Gulf Renewable Energy Co. Ltd., a subsidiary of holding company Gulf Development Public Co. Ltd. (GULF), to develop two solar-plus-storage projects with a combined capacity of 126 MW of solar and 151 MWh of storage, alongside a third solar site totaling 68 MW.

The projects will be located in the central provinces of Suphanburi and Phetchaburi and are expected to support over 1,500 construction jobs and 12 operational jobs. ADB acted as the sole mandated lead arranger and bookrunner for the financing.

The package includes USD 75 Mn from the bank’s ordinary capital resources.
USD 50 Mn B-loan from DBS Bank Ltd.
USD 150 Mn loan from German development finance institution DEG, Development Finance Institute Canada and Export Finance Australia.
USD 75 Mn loan from the ADB-administered Leading Asia’s Private Infrastructure Fund 2.

ADB, GWTE SIGN USD 511.9 MN DEAL TO ADVANCE INDUSTRIAL WASTE MANAGEMENT IN THAILAND

The Asian Development Bank (ADB) has signed aggregate loan agreements totalling THB 16.6 Bn (USD 511.9 Mn) with 12 companies indirectly owned by Gulf Waste to Energy Holdings Company Limited (GWTE), a subsidiary of Gulf Development Public Company Limited (GULF). The financing will support energy generation from non-hazardous industrial waste, promote diversion from landfills, and reduce illegal waste disposal activities in Thailand.

In addition to providing THB 3.0 Bn (USD 91.9 Mn) from its ordinary capital resources, ADB was the environmental and social (E&S) coordinator of the transaction, mobilizing THB 13.6 Bn (USD 420.0 Mn) from six parallel lenders. This mobilization ensures that borrowers meet the E&S standards of both ADB and the participating lenders.

The funds will be used to develop, construct, and operate 12 industrial waste-to-energy (WTE) power plants with a total contracted capacity of 96 MW in Thailand’s central and eastern regions, which are key industrial areas that generate large volumes of industrial waste.

THAILAND TARGETS TENDER LAUNCH FOR USD 31.68 BN SOUTHERN ECONOMIC CORRIDOR LAND BRIDGE PROJECT

Thailand’s Ministry of Transport has indicated that the THB 990 Bn (USD 31.68 Bn) land bridge project under the Southern Economic Corridor (SEC) could be opened for bidding within four years, subject to approval of enabling legislation and funding mechanisms. The project, promoted under the administration of Anutin Charnvirakul, is being prepared for private-sector participation through a Public–Private Partnership (PPP) model. The Office of Transport and Traffic Policy and Planning (OTP) is currently drafting the request for proposals (RFP), while roadshows have been conducted to gauge investor interest.

The land bridge will link ports on the Gulf of Thailand and the Andaman Sea, forming a multimodal corridor comprising deep-sea ports, motorway connections and double-track rail infrastructure. Under the revised development plan, Phase 1/1 capacity has been adjusted to 4 million TEUs, down from the earlier 6 million TEUs target, while long-term capacity remains planned at 20 million TEUs. Total investment has been revised from THB 1.19 Trn (USD 38.08 Bn) to THB 990 Bn (USD 31.68 Bn) following economic reassessments. The project is expected to be implemented under a 50-year PPP Net Cost concession, based on a One Port, Two Sides principle covering integrated construction and operations.

The project was initially proposed in 2005 and later revived under subsequent administrations. It aligns with Thailand’s 20-Year National Strategy and the 13th National Economic and Social Development Plan (2023–2027), positioning the country as a logistics hub connecting the Pacific and Indian Oceans. Supporting legislation, notably the draft Southern Economic Corridor Act, remains pending. If approved, the government expects to advance the project to tender and secure private co-investment within four years.

BANGKOK LAUNCHES EV FOR WIN RIDERS PROJECT PILOT

The Bangkok Metropolitan Administration (BMA) has launched the EV for Win Rider project to promote the adoption of electric motorcycle taxis through a rental-and-trial pilot scheme. The initiative aims to reduce air pollution and greenhouse gas emissions while lowering fuel costs for riders.

The programme is being implemented in partnership with GIZ, King Mongkut’s University of Technology Thonburi (KMUTT), and the Electric Vehicle Association of Thailand (EVAT). Under the pilot, participants will test a lease-to-ride model priced between THB 75 and THB 140 (USD 2.5–4.49) per day. Charging infrastructure, including standard charging points and battery swapping facilities, will be prepared to support operational requirements.

In the first phase, more than 200 participants, including motorcycle taxi riders and BMA street sweepers in Din Daeng and Phaya Thai districts, will take part in trials and cost assessments. Thirty riders will be selected to operate electric motorcycles in real service for one month at no cost. Data from the pilot will inform potential city-wide expansion.

Bangkok has over 89,000 motorcycle taxi riders operating across more than 5,300 stands. Studies estimate that the current petrol-based fleet generates 80,000–100,000 tonnes of carbon dioxide annually, alongside significant PM2.5 emissions. The EV transition is positioned as part of Thailand’s broader strategy to improve urban air quality and promote low-carbon mobility.

MARCH 2026

THAILAND MRTA TO LAUNCH FULL ABT SYSTEM ACROSS MRT NETWORK

The Mass Rapid Transit Authority of Thailand (MRTA) will implement a full Account-Based Ticketing (ABT) system across its rail network beginning Q2, 2026. The rollout forms part of the Ministry of Transport’s common ticket policy and follows the enactment of the Joint Ticketing System Management Act, which came into force on December 2025. The new system will allow passengers to use a single payment method across multiple public transport services.

The ABT upgrade builds on the existing EMV contactless payment system already deployed on the Blue, Purple, Yellow and Pink MRT lines. Commuters can currently tap EMV-enabled credit cards, debit cards or Mangmoom cards at entry and exit gates without purchasing tokens or stored-value tickets. The full ABT platform will centralise fare processing through account-based validation rather than card-based stored value systems.

The system is being implemented in cooperation with Bangkok Expressway and Metro Public Company Limited. Authorities expect the transition to enhance interoperability between transit networks, simplify fare payments and promote wider adoption of digital payment methods across Thailand’s urban rail system.

LAEM CHABANG PORT ADVANCES PHASE 3 EXPANSION

Thailand’s Laem Chabang Port is progressing with its Phase 3 expansion project; a major initiative aimed at strengthening the country’s logistics sector and positioning the port as a key regional transhipment hub in Southeast Asia. The project, which forms part of the Eastern Economic Corridor (EEC) development strategy, seeks to enhance trade connectivity and support Thailand’s growing maritime economy.

The expansion focuses on Terminal F and will increase the port’s container handling capacity to about 18.1 million TEUs annually. Rail cargo capacity is also expected to rise to 6 million TEUs per year, with the share of rail transport increasing from 7% to around 30% through the introduction of a Single Rail Transfer Operator (SRTO). In addition, dredging works will deepen the basin to approximately 18.5 meters, enabling the port to accommodate ultra-large container vessels. The project also aims to reduce national logistics costs from 14% to around 12% of GDP.

Construction of the marine infrastructure is currently about 91% complete, while facility construction has reached roughly 10% progress. The reclamation works for Terminal F1 are expected to be completed in 2027, with overall terminal construction scheduled for completion in 2028 and operations targeted to begin in 2031.

EHANG ADVANCES EVTOL DEPLOYMENT TO BUILD URBAN AIR MOBILITY ECOSYSTEM IN THAILAND

China-based EHang Holdings Limited has intensified efforts to commercialize electric vertical takeoff and landing (eVTOL) services in Thailand following high-level discussions with government authorities. The company’s leadership met with senior officials including Phiphat Ratchakitprakarn, alongside representatives from the Ministry of Transport and the Civil Aviation Authority of Thailand to accelerate the development of an advanced air mobility (AAM) ecosystem.

The discussions focused on deploying EHang’s pilotless eVTOL aircraft across multiple use cases, including urban passenger transport, logistics, emergency response and medical services. Authorities highlighted the potential of such systems to reduce congestion, improve connectivity in remote areas and support Thailand’s ambition to become a regional hub for next-generation aviation technologies. Regulatory development was also a key priority, with Thai agencies expected to fast-track frameworks and safety standards to enable commercial operations.

EHang signed a memorandum of understanding with Bangkok Land, Aerial Sea Thailand and China Harbour Engineering (Thailand) to jointly develop urban air mobility solutions. The collaboration will cover vertiport infrastructure, communication systems, traffic management platforms and maintenance frameworks, forming the backbone of a future low-altitude transport network.

THAILAND IS ADVANCING PLANS FOR NEW CRUISE TERMINALS UNDER PPP MODELS

Thailand is stepping up efforts to establish itself as a regional hub for cruise tourism, with the Transport Ministry advancing plans to develop new cruise terminals on both the Gulf of Thailand and the Andaman coast. The move comes as the ministry separately held talks with Royal Caribbean Group (RCG) on ways to facilitate cruise operations in Thailand and improve support for the sector’s continued growth.

According to the ministry, Royal Caribbean reaffirmed that Thailand remains an important destination in the company’s cruise network and among the most popular ports of call for cruise travelers. The company plans to bring more than 45 cruise calls to Thailand this year, with an estimated 120,000 international visitors expected to arrive via cruise travel. During the discussion, Royal Caribbean sought support and facilitation from Thai authorities to help accommodate its cruise operations more smoothly, amid rising demand in the regional cruise market.

Separately, the Transport Ministry said it is attaching high priority to expanding infrastructure to support the rapid growth of cruise tourism. The ministry is now moving ahead with plans to develop large-scale cruise terminals capable of handling major international cruise ships under public-private partnership (PPP) models.

The initiative reflects Thailand’s broader ambition to strengthen its standing in global tourism by expanding into higher-value travel segments, while building the infrastructure needed to support long-term growth.

List of Transactions - Thailand Q1 2026

Source: YOG INFRA, Public Information

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