Infrastructure works to gather steam in Thailand

Slider, Thailand 04 Jan 2017
Infrastructure works to gather steam in Thailand

From motorways to mass transit to double-track rail, 2017 promises movement on long-delayed projects that will stimulate economic activity.

With the current government committed to calling the general election sometime in 2017, big-ticket infrastructure development is expected to speed up.  According to the Transport Ministry’s action plan approved by the cabinet on Dec 13, 36 infrastructure projects worth 896 billion baht are scheduled for investment in 2017.

There are eight more projects with combined investment of 298 billion baht now queueing for cabinet approval. They include the third phase of the Laem Chabang deep-sea port worth 35.1 billion baht, a special expressway project linking Kathu and Patong in Phuket valued at 10.5 billion, and the long-delayed northern expressway linking the Kasetsart intersection and Nawamin Road, also known as the N2 section worth 14.4 billion.

According to a recent report to the cabinet by the Transport Ministry, of the 20 big-ticket transport infrastructure projects worth 1.41 trillion baht planned for fiscal 2016, four projects worth 45.5 billion baht are under construction, and nine worth a combined 488 billion are in the bidding process. The remaining projects will be opened for bidding in 2017.

Deputy Prime Minister Somkid Jatusripitak says those projects will play a significant role in boosting the economy in 2017 while enticing private investment.

 

 

← HK-Shenzhen tech park given go ahead Housing Authority to meet expenditure targets →

Comments are closed