Vayupak Fund gets extension, makeover | Bangkok Post: business

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Vayupak Fund gets extension, makeover

The Finance Ministry has extended the life of the government's Vayupak Fund 1, which was due to expire in November 2013, by changing it to an open-ended fund with a one-year renewal.

In addition, asset size will be expanded by two-thirds to 500 billion baht, said permanent secretary Areepong Bhoocha-oom.

After a meeting of the panel set up by the ministry to amend the conditions of the Vayupak Fund 1, Mr Areepong said the nine-year, state-owned fund is viewed as an ongoing benefit that can be used as a tool of government to invest in infrastructure projects.

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