Thailand plans $5.4 billion of public-private projects this year

Thailand plans $5.4 billion of public-private projects this year

© Reuters. Workers work at a construction site in central Bangkok

BANGKOK (Reuters) – Thailand plans 163 billion baht ($5.43 billion) of public-private infrastructure projects this year, a finance ministry official said on Tuesday, as the government tries to invest more to support long-term economic growth.

The projects include a subway line extension, a mass transit project and highways rest areas, Panthip Sripimon, head of the State Enterprise Policy Office, said in a statement.

The government has planned public private partnership projects worth 1 trillion baht between 2020 and 2027, she said.

Southeast Asia’s second-largest economy, which is heavily reliant on tourism and exports, shrank 6.1% last year, the biggest drop in more than two decades, as the coronavirus pandemic hit global demand and travel.

The government expects the economy to grow 2.5-3.5% this year.

($1 = 30.03 baht)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Category Latest Posts