PM unveils $90bn infrastructure plan

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PM unveils $90bn infrastructure plan

Huge investment aims to tap region's growth

Published: 6 Oct 2012 at 00.00
Newspaper section: News

The government is planning a massive investment of US$90 billion (2.75 trillion baht) to develop infrastructure.

The investment is to accommodate the launch of the Asean Economic Community (AEC) and economic expansion of the Greater Mekong Subregion (GMS).

The biggest investment in Thailand's history was announced by Prime Minister Yingluck Shinawatra in her opening address at the Thailand Investment Conference yesterday.

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whatajoke
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Discussion 44 : 07 Oct 2012 at 13.1044
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You can never underestimate the sheer ambition of the Shinawatras, especially if there is a business opportunity using other people's money, such a shame we are all so naturally cynical of any development plans of theirs. It's like the 2011 floods, what a fantastic opportunity that was to requisition vast amounts of loans to employ all the future voters in Isaan.
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howell
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Discussion 43 : 06 Oct 2012 at 23.2543
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'PM unveils $90bn infrastructure plan.'

Should read 'Thaksin unveils...' How can anyone believe YS is the brains behind this ? No doubt Thaksin will make (another corrupt )massive amount of money.
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bkkmatt
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Discussion 42 : 06 Oct 2012 at 20.5342
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Why so may dislikes for khun Bj?
Truth hurts for some
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jacksprat
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Discussion 41 : 06 Oct 2012 at 18.2741
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"Outstanding finally a leader with foresight." These plans have been in the making for many years. Yingluck has very little to do with it.
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faceless
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Discussion 40 : 06 Oct 2012 at 18.2640
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Any government based on social/democratic principles would be investing in it's citizens, not just using them to get into power so as to get to the trough that this project will provide.

Totally agree Wyle d.33, obscene stuff when the education system needs so much attention. And I just don't get how the few government apologists on this site keep putting their hands up to defend the indefensible. Interesting how one can do that to maintain a political position in contradiction of honesty and decency.
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banphai
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Discussion 39 : 06 Oct 2012 at 17.5839
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Thailand is an alternative universe where corruption, deceit, and the general absence of planning in response to global issues is perfectly normal and acceptable. The fact that many of the international investment corporations are willing to pay bribes (as they do in the West)to increase their current profits in ways,which will bring no benefit to Thailand in the longer run,is likely to go completely unnoticed. It's very sad to see that Thailand seems about to be further colonised by the very international corporations who are destroying 'developed' countries.
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genii
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Discussion 38 : 06 Oct 2012 at 17.1138
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Outstanding finally a leader with foresight.
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Eric
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Discussion 37 : 06 Oct 2012 at 16.1237
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ADB has been advising Asian countries to boost infrastructure spending to achieve sustainable growth. For Yingluck to recognize the importance and the need is a credit to her vision. Thailand will untapped tremendous economic potential from land-locked and infrastructure weak Indo-China countries and seamless AEC will mean more marketability of products. To spend now is right timing as we can expect global weakness for many more years. The spending will allow Thailand to achieve a decent GDP for good number of years and will improve its competitiveness. Connectivity in transportation, communication and energy sector will release growth and development and will generate jobs and revenues.
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aussie
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Discussion 36 : 06 Oct 2012 at 15.5336
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Sounds like someone wants their illgotten gains and confiscated money back , with interest and wants it now , why else are they attempting to push through as many deals as they can , while they still can ?
The Bro`master wants it all or if not , a finger in every pie , well done redshirts ?
Somebody stop them before Thailand is indebted to china forever , which his own clan won`t ever have to worry about paying back this debt , but future Thais will inherit the lot of it !
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wakeup
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Discussion 35 : 06 Oct 2012 at 14.2235
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Ahhh, democracy! We don't know what the AEC really is, who's really behind it, nor have any debates or referendums been arranged to approve it. All we know is it's coming in 2015, unprecedented, astronomical sums of cash will be spent to "link it up," like it or not! Like the EU, and we see how wonderful that turned out!
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