Thailand’s Cabinet has approved the Thailand FastPass initiative to fast-track 80 stalled large-scale projects worth SGD 19.32 billion (480 billion baht).
The aim is to reduce approval and licensing times by 20 to 50 percent for sectors including data centres, clean energy, industrial estates, electronics, EVs, and PCB manufacturing.
The FastPass will tackle long-running issues tied to power supply, industrial land, visas, work permits, and business licences.
It is expected to start operating in December 2025.
The Board of Investment (BOI) will coordinate with agencies, including the Energy Regulatory Commission, EGAT, PEA, and MEA, to clear bottlenecks.
Agencies will be required to follow strict service-level agreements.
The BOI has identified 80 high-impact projects approved between 2023 and 2025 that have been delayed due to grid limitations, land availability, and processing backlogs.
Forty of these already have clear plans to proceed, with 40 more set for fast-tracking under the new mandate.
Energy regulators must finalise rules for the Utility Green Tariff Type 2 and the pilot Direct PPA scheme by December 2025.
Electricity authorities will also need to speed up power-supply confirmation letters for upcoming data centres and prepare grid-expansion plans.
Two additional measures support the broader package, including a national programme to upskill 100,000 workers.
SME grants will also cover 30 to 50 percent of investment, capped at SGD 4.03 million (100 million baht) per company, for R&D, technology upgrades, and green-industry transition.
