Vayupak Fund gets extension, makeover | Bangkok Post: business

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Vayupak Fund gets extension, makeover

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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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