Trillion-baht public-private investment projects planned

Trillion-baht public-private investment projects planned

A woman wearing a protective face mask prays as she passes a temple while commuting by boat on the Chao Phraya river in Bangkok on Wednesday. (Reuters photo)
A woman wearing a protective face mask prays as she passes a temple while commuting by boat on the Chao Phraya river in Bangkok on Wednesday. (Reuters photo)

Thailand plans public-private partnership (PPP) projects worth 1.09 trillion baht during 2020-2027, the finance ministry said on Wednesday, as the government tries to revive the struggling economy amid the coronavirus pandemic.

The 92-project plan includes 18 high-priority infrastructure projects worth 472 billion baht, Prapas Kong-Ied, head of the State Enterprise Policy Office, said in a statement.

The government has promoted investment to spur long-term economic growth as the economy is heavily reliant on global demand, and exports have been weak.

The outbreak is crippling economic activity, especially the tourist sector, with a night curfew, malls and bars closed and passenger flights banned to try to limit the spread.

The country has reported 2,643 cases of infection and 43 deaths.

Do you like the content of this article?
COMMENT (3)