IEAT suggests floodwall proposal for estates
Scheme similar to Egat power-pole plan
To ease the state's burden in aiding the private sector, the Industrial Estate Authority of Thailand (IEAT) has pitched the idea of investing in flood prevention for private industrial estates, said Krisada Chinavicharana, deputy director-general of the Fiscal Policy Office.
The Finance Ministry earlier revised the terms of 15 billion baht in soft loans planned for assisting industrial estates in building floodwalls by allocating up to two-thirds of the money as government grants, with the remaining third to be soft loans at near-zero interest.
The law, however, restricts the use of the national budget to grants for public projects.
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- Writer: Wichit Chantanusornsiri, Soonya Vanichkorn & Nanchanok Wongsamuth
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