The Thai capital of Bangkok is to get its first city observation tower, a 459-metre-high tower that will rank among the top 10 world's tallest towers as well as being the tallest observation tower in South-East Asia.
Artist's impression
The tower is being jointly built by two foundations, the Bangkok Observation Tower Foundation and the National Identity Foundation, after the Thai cabinet gave approval for the country's new landmark project to proceed.
The 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 land plot owned by Thailand's Treasury Department and leased to the Bangkok Observation Tower Foundation for 30 years.
The Foundation 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.
The tower has been enthusiastically embraced by Thailand's tourism sector as a much-needed addition to the nation's tourist-pulling attractions and as a catalyst to investment and employment in the sector.
"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, said Ittirith Kinglake, president of the Tourism Council of Thailand.
Artist's impression
The tower is being jointly built by two foundations, the Bangkok Observation Tower Foundation and the National Identity Foundation, after the Thai cabinet gave approval for the country's new landmark project to proceed.
The 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 land plot owned by Thailand's Treasury Department and leased to the Bangkok Observation Tower Foundation for 30 years.
The Foundation 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.
The tower has been enthusiastically embraced by Thailand's tourism sector as a much-needed addition to the nation's tourist-pulling attractions and as a catalyst to investment and employment in the sector.
"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, said Ittirith Kinglake, president of the Tourism Council of Thailand.
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