B2 trillion bill details readied

B2 trillion bill details readied

The bill which allows the government to borrow 2 trillion baht for its infrastructure overhaul will be tabled before the cabinet on Tuesday, Transport Minister Chadchat Sittipunt says.

Mr Chadchat called a meeting yesterday to prepare the bill's details for cabinet. The 2-trillion-baht investment would pay for more than 100 projects, the minister said.

The bill will not specify the construction locations because any changes would be deemed illegal once the bill is passed into law, he said.

Mr Chadchat conceded some projects may not be finished within the seven years planned as environmental impact assessments and land expropriation may take some time.

After the bill is approved by the cabinet, it will be forwarded to parliament.

PM's Office Minister Varathep Rattanakorn said the bill is expected to go before parliament on March 27 or 28.

Mr Chadchat brushed aside the Democrat Party's concerns over possible irregularities in the infrastructure investments, saying parliament will scrutinise the bill.

The ministry will also work with anti-graft agencies to monitor the projects, he said.

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