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Construction

Thai port to be expanded with Chinese Belt and Road builder

Group including local company Gulf Energy signs $922m deal for container terminal

Containers at Laem Chabang Port in Thailand: The government aims to expand the port's capacity to 18 million TEU. (Photo by Akira Kodaka)

BANGKOK -- A consortium that includes Thai power provider Gulf Energy Development and state-owned China Harbour Engineering has signed a 30.8 billion baht ($922 million) deal to expand a central port.

The joint venture, which is 40% owned by Gulf Energy, entered into a 35-year public-private partnership with the Port Authority of Thailand on Thursday to build and operate a new container terminal at the port of Laem Chabang, about 130 km southeast of Bangkok.

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