459-metre observation tower in Bangkok is being jointly built by two
foundations, the Bangkok Observation Tower Foundation and the
National Identity Foundation, after the Thai cabinet recently gave
the project its approval.
cost of construction, totaling approximately US$138 million, is
being funded by more than 50 private sector organisations who are
contributing to the project.
Located on the banks of the Chao Phraya River,
the Bangkok Observation Tower is set on a 6,400 square metre
plot of land owned by Thailand's Treasury Department and leased to the
Bangkok Observation Tower Foundation for 30 years.
As plans stand, there won't be any commercial space for
rent inside the tower. Instead, the interior will be used for
educational purpose promoting Thailand's historical and cultural
heritage as well as various aspects of particular pride from
Thailand's 77 provinces.
Mr. Ittirith Kinglake, President, Tourism
Council of Thailand, said, "The tower is the most important new
addition to Bangkok's rich array of tourism magnets and one that
will attract people from around the world. The Bangkok Observation
Tower helps mark our city as one of the world's most important and
He cited parallels with the Tokyo Skytree and
Shanghai's Canton Tower as powerful tourism drivers for their host
"There were 32.6 million visitors to Thailand in
2016 who, together, spent almost 72 billion dollars. In 2020, the
number of visitors to Thailand is expected to increase to be 41.5
million visitors. Tourism has consistently been one of our
country's most important revenue sources and accounts for 17.7% of
GDP. The coming of the tower will act as significant tourism
drivers for the country," he added.
Cdr. Parinya Ruckwatin Rtn., Chairman of the
Chao Phraya River Tourism Association, said, "I am confident that with the arrival of the
tower, businesses stretching for 10 kilometers along the length of
the river will benefit, including boat operators, restaurants,
hotels, retailers and convention organisers. We can also expect
improvements of more than 10 piers along the river to make them
safer and easier to use. It's a true historic turning point for
this part of the river. Chao Phraya River will become one of the
world's exciting new destinations, offering a diverse range of
experiences that will meet a great variety of needs of visitors."
is required to deliver ownership of the tower and all other
structures on the land to the Treasury Department when the
construction is completed in 2019.
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