Infrastructure funds drive

Infrastructure funds drive

The Securities and Exchange Commission (SEC) is seeking support from the junta for its plan to accelerate capital market development through infrastructure funds.

Secretary-general Vorapol Socatiyanurak said the SEC recently presented its plan to ACM Prajin Juntong, deputy chief of the National Council for Peace and Order.

"Infrastructure funds are not only good for developing the capital market but also a short cut to accelerate infrastructure development and economic expansion," said Mr Vorapol.

Regulations accommodate both the public and the private sectors in setting up infrastructure funds. Three sizeable funds investing in railways, electricity and telecommunications have been set up offering investment units to the public.

Some state enterprises have already met with the SEC to discuss the possibility of setting up funds for infrastructure development.

Using infrastructure funds to expedite development will reduce the government's budgetary burdens so that borrowing can be geared to other vital investments such as education and health care.

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