The Eastern Economic Corridor (EEC) bill yesterday passed its first reading despite concern over its repercussions on the environment.
The National Legislative Assembly (NLA) accepted the bill in its first reading on a vote of 175 and will have a 30-member committee scrutinise the bill in the next 60 days.
Proposing the bill to the assembly, Deputy Prime Minister Somkid Jatusripitak said the government expected the EEC to drive economic growth and attract foreign investment and advanced-technology transfers.
The East was chosen because of its high economic development potential, infrastructure and transport readiness, as well as numerous upstream industries, he said, adding the bill will help the EEC's development.
Many NLA members expressed concern about the impact of the bill on environmental grounds because the bill allows land reclamation in the sea without seeking approval under maritime and fishery laws.
The EEC comprises the provinces of Chachoengsao, Chon Buri and Rayong. Other areas in the East can be added later by a royal decree.
The bill offers privileges to investors such as the right to own land and properties, bring in foreigners and conduct certain financial transactions.
