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Thai government plans to spend US$49 billion on infrastructure projects

Thai government plans to spend US$49 billion on infrastructure projects

Thailand's government expects to spend around 1.5 trillion baht (US$49 billion; euro33 billion) on infrastructure projects to be implemented over the next three to four years.
The projects include mass transit, water supply management and an upgrade to Bangkok's main Suvarnabhumi International Airport, Finance Minister Surapong Suebwonglee told a seminar on government policy late Monday.
Earlier Monday at the same seminar, Thai Prime Minister Samak Sundaravej said the government is likely to approve investment in nine railway projects at a weekly cabinet meeting Tuesday.
It also plans to buy a majority stake in Bangkok's elevated electric rail network. The Ministry of Finance would acquire up to 89 percent of Bangkok Mass Transit System, or BTS, from its debtors and transfer the ownership to Bangkok Metropolitan Administration, Samak said at the policy forum.
Once the takeover is completed, the government would extend services to cover the outskirts of Bangkok, Samak said. The expansion would take three years, he said.


Updated : 2021-03-04 14:28 GMT+08:00