Isn't Koh Kood (Koh Kut or Buttock Island in Khmer) supposed to be Khmer island?
WICHIT CHANTANUSORNSIRI
Hardly a week passes without an announcement of a new resort or property development on Koh Samui. The island has enjoyed booming popularity over the past several years from tourism and long-stay foreign residents.
But one potential property developer is a newcomer to the island: The Treasury Department. It's mulling a one-billion-baht investment to develop a five-star resort on 30 rai of state property.
The department, a unit of the Finance Ministry, oversees 12.5 million rai of public land nationwide, much of which is under control of various state agencies and the armed forces.
Officials said the development plan would aim to build a five- or six-star resort on the island in a joint partnership with a private developer.
The architectural design would emphasise a low-rise structure, as the land plot is located in a zone with height restrictions. Authorities are currently drafting a development plan to meet conditions set under the 1992 public-private joint venture law.
The Treasury Department is also moving forward with a development strategy for Koh Kood, located off the coast of Trat along the Cambodian border.
Some 80,000 rai on the island is under the jurisdiction of the Royal Thai Navy. The Treasury Department wants to reclaim control of a portion of the land for the construction of new infrastructure, including a small commercial airport, and open the island to new resorts.
''The strategy is to utilise unused land for development in an environmentally friendly manner,'' one source said.
''Development also should help raise living conditions of local residents and support local economic growth.''
Last year, the Treasury Department reclaimed 156,000 rai of unused land previously allocated for use by state agencies. Of the total, 50,000 rai have been allocated for use by 9,000 squatters using the land, with the remainder to be used for reforestation plans.
The department this year hopes to reclaim another 100,000 rai nationwide from state agencies, including property in Nakhon Ratchasima and Udon Thani. Authorities plan to lease the land at low rates to poor squatters who are already living on the land.
Hardly a week passes without an announcement of a new resort or property development on Koh Samui. The island has enjoyed booming popularity over the past several years from tourism and long-stay foreign residents.
But one potential property developer is a newcomer to the island: The Treasury Department. It's mulling a one-billion-baht investment to develop a five-star resort on 30 rai of state property.
The department, a unit of the Finance Ministry, oversees 12.5 million rai of public land nationwide, much of which is under control of various state agencies and the armed forces.
Officials said the development plan would aim to build a five- or six-star resort on the island in a joint partnership with a private developer.
The architectural design would emphasise a low-rise structure, as the land plot is located in a zone with height restrictions. Authorities are currently drafting a development plan to meet conditions set under the 1992 public-private joint venture law.
The Treasury Department is also moving forward with a development strategy for Koh Kood, located off the coast of Trat along the Cambodian border.
Some 80,000 rai on the island is under the jurisdiction of the Royal Thai Navy. The Treasury Department wants to reclaim control of a portion of the land for the construction of new infrastructure, including a small commercial airport, and open the island to new resorts.
''The strategy is to utilise unused land for development in an environmentally friendly manner,'' one source said.
''Development also should help raise living conditions of local residents and support local economic growth.''
Last year, the Treasury Department reclaimed 156,000 rai of unused land previously allocated for use by state agencies. Of the total, 50,000 rai have been allocated for use by 9,000 squatters using the land, with the remainder to be used for reforestation plans.
The department this year hopes to reclaim another 100,000 rai nationwide from state agencies, including property in Nakhon Ratchasima and Udon Thani. Authorities plan to lease the land at low rates to poor squatters who are already living on the land.
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