Thailand to spend $90b on infrastructure
Thailand’s government has committed to its biggest investment in history: $90 billion will be spent over the next seven years to develop infrastructure for increased economic activity within the ASEAN Economic Community from 2015 and to improve connectivity in the Greater Mekong Subregion (GMS), which encompasses the six states of the Mekong River basin, namely Cambodia, Laos, Myanmar, Thailand, Vietnam and the Yunnan Province of China.
The investment, which was announced by Thailand’s prime minister Yingluck Shinawatra in her opening address at the Thailand Investment Conference on October 5, includes major projects such as high-speed train networks as well as water management and flood prevention measures.
The announcement came after GMS leaders at an earlier meeting in Myanmar agreed on a strategy for 2012-2022 to promote economic growth in the GMS region. Thailand has committed to be playing a “proactive role” in the strategy.
The infrastructure measures include connections to the planned huge industry park project plus deep-sea port in Dawei in Southern Myanmar, where Thailand is the main investor. The rail projects are aiming to create a network in the region that eventually would be capable of connecting the Indian Ocean with the Pacific and boosting the volume of trade and investment
It is understood that the main funds for the $90 billion investment plan will come from borrowing, and foreign investors are invited to take part and form project joint-ventures and public-private partnerships.
[caption id="attachment_4728" align="alignleft" width="300"] Thailand's Prime Minister Yingluck Shinawatra announced a $90 billion investment programme to improve and expand the country's infrastructure[/caption] Thailand's government has committed to its biggest investment in history: $90 billion will be spent over the next seven years to develop infrastructure for increased economic activity within the ASEAN Economic Community from 2015 and to improve connectivity in the Greater Mekong Subregion (GMS), which encompasses the six states of the Mekong River basin, namely Cambodia, Laos, Myanmar, Thailand, Vietnam and the Yunnan Province of China. The investment, which was announced by Thailand's prime minister Yingluck Shinawatra in...
Thailand’s government has committed to its biggest investment in history: $90 billion will be spent over the next seven years to develop infrastructure for increased economic activity within the ASEAN Economic Community from 2015 and to improve connectivity in the Greater Mekong Subregion (GMS), which encompasses the six states of the Mekong River basin, namely Cambodia, Laos, Myanmar, Thailand, Vietnam and the Yunnan Province of China.
The investment, which was announced by Thailand’s prime minister Yingluck Shinawatra in her opening address at the Thailand Investment Conference on October 5, includes major projects such as high-speed train networks as well as water management and flood prevention measures.
The announcement came after GMS leaders at an earlier meeting in Myanmar agreed on a strategy for 2012-2022 to promote economic growth in the GMS region. Thailand has committed to be playing a “proactive role” in the strategy.
The infrastructure measures include connections to the planned huge industry park project plus deep-sea port in Dawei in Southern Myanmar, where Thailand is the main investor. The rail projects are aiming to create a network in the region that eventually would be capable of connecting the Indian Ocean with the Pacific and boosting the volume of trade and investment
It is understood that the main funds for the $90 billion investment plan will come from borrowing, and foreign investors are invited to take part and form project joint-ventures and public-private partnerships.
