SINGAPORE - The government has invited Singaporean businessmen to bid for projects under its new infrastructure investment programme.
The government is preparing to submit a bill which would authorise borrowing of up to 2.2 trillion baht to finance infrastructure programmes over the next seven years.
Up to 90% of the projects would involve rail infrastructure.
Deputy Prime Minister and Foreign Minister Surapong Tovichakchaikul said the government wanted Singaporean investors in the telecommunications and finance sectors to take part in the programme.
Mr Surapong made the invitation to his Singaporean counterpart K Shanmugam during the 11th coordinating meeting of the Thailand-Singapore Civil Service Exchange Programme which wrapped up on Friday.
Mr Surapong said Thailand had also invited Singaporean Prime Minister Lee Hsien Loong to attend the Asia-Pacific Water Summit in Chiang Mai in May.
He said Bangkok had also proposed Singapore set up sister schools in all provinces in Thailand and share its experience on trade with other Asean members.
Singapore's investment in Thailand grew by 31%, or about 25.2 billion baht, in 2011, making it the second-largest foreign investor after Japan, he said.