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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khunbj
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Discussion 4 : 06 Oct 2012 at 06.484
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Anything that makes goods and people move easier from A to B will benefit the country bringing in further business investment and jobs during and after the project is done ... improving the infrastructure during this plan and adding the project for a general update and expansion of the rail network will make Thailand an even more appealing destination for investment in Asia both for ASEAN investors and other foreign investors and thus be hugely beneficial for Thailand and it's people.
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pete
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Discussion 3 : 06 Oct 2012 at 06.243
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"A government source said the investment would cover seven years, while the main financial sources would come from borrowing".

With such a record of corruption and mismanagement a lender might be hard to find. One thing she seems to forget is that the money has to be paid back, and with a rocketing deficit and rising public debt, default is quite likely on the cards.
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OldThaiHand
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Discussion 2 : 06 Oct 2012 at 06.122
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I'm sure this will help Thailand to supply a very cheap, uneducated, illiterate, unskilled labour force to the much better-educated, English-speaking peoples of other AEC countries.
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johninbkk
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Discussion 1 : 06 Oct 2012 at 05.441
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2.75 trillion baht, in 7 years, is 393 billion baht/year.

As a comparison, the previous Dem government spent 1.4 trillion baht for the three-year Thai Khem Khaeng initiative. That's 467 billion baht/year.
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