A new cruise terminal in Koh Samui (Thailand) is projected to open by 2032, aiming to enhance tourism in Surat Thani, according to Deputy Caretaker Minister Manaporn Charoensri. Accompanied by Caretaker Transport Minister Suriya Jungrungreangkit, Ms. Manaporn visited Koh Samui to review the progress of key transport infrastructure projects in the region.
The Marine Department has completed a comprehensive study on the proposed 12.1-billion-baht cruise terminal project, which will cover 47 rai of land at Laem Hin Khom in tambon Taling Ngam. The study identifies the location as optimal due to its deep-sea conditions, which provide natural protection from winds, and the availability of sufficient space for port construction.
The study also examines emergency response measures and the potential for full-scale commercial development of the site, assessing its readiness to be supported by public utilities. The most suitable financing model for the project has been identified as a Public-Private Partnership (PPP) net cost investment, which is expected to generate at least 46 billion baht in economic benefits over 37 years, with an economic internal rate of return (EIRR) exceeding 15%.
The Marine Department has submitted the study to the Ministry of Transport, which will forward it to the cabinet for approval. The project is expected to receive approval by next month, after which the bidding process will commence.
Construction is slated to begin in 2029, with completion anticipated by 2032. Once operational, the terminal is expected to handle ~120 cruise ship landings per year, attracting an estimated 180,000 cruise visitors annually. This development is anticipated to significantly boost the province’s tourism sector and has garnered positive interest from private investors.