Chinese to invest in Sriracha satellite-technology center

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China will invest 1.5 billion baht in a satellite-technology center in Sriracha as part of a cultural-exchange agreement signed in February.

Chonburi Deputy Gov. Adisak Thepart March 29 signed the contract for expansion of the Space Krenovation Park at Sriracha’s Thaichote Satellite Control Station. Opened in December, the park supports related research, develops innovation, and adds value to products in related businesses such as spare parts for space missions, batteries, mapping, high resolution satellite images, as well as developing the potential of geo-informatics and space technology under the Association of Southeast Asian Nations.

Officials unveil the cultural-exchange agreement at the Space Krenovation Park in Sriracha.Officials unveil the cultural-exchange agreement at the Space Krenovation Park in Sriracha.

The Chinese-funded project, made possible by the Feb. 8 signing of a pact with the  Chinese Culture and Economic Association, will focus on the creation of a satellite-based natural disaster warning system.

The Geospatial Disaster-Monitoring Assessment and Prediction System will monitor the weather and the management of disasters and agriculture through the Geospatial Information Industry and Service Outsourcing Base at the space park. The Chinese will jointly research and develop products, managing  and applying space technology and geo-informatics to make the space park Thailand’s main satellite-technology base.

Officials said future investment of 30 billion baht is possible.