Floodwall subsidy budget slashed after scrutiny | Bangkok Post: business

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Floodwall subsidy budget slashed after scrutiny

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The Industrial Estate Authority of Thailand (IEAT) has trimmed the state budget to subsidise industrial estates' flood-wall construction by 334 million baht to 2.67 billion. 

After several delays, disbursements will begin this week, said IEAT governor Verapong Chaiperm.

To assist six industrial estates inundated during the 2011 floods, the government agreed in 2012 to subsidise two-thirds of the funds needed to build the flood walls.

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