Government searches for ways to invest in 2.2 trillion baht project

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BANGKOK, 1 April 2014 — The Ministry of Finance is currently searching for ways to invest in the 2.2 trillion baht mega project by laying out strategies, budgeting plans, and other means of investing with the private sector. 

Ms. Chularat Suteethorn, the Director-General of Public Debt Management Office, disclosed that she had met with the Bureau of the Budget, the Office of the National Economic and Social Development Board, the Office of Transport and Traffic Policy and Planning, and the Fiscal Policy Office, in order to discuss feasible projects under the 2.2 trillion baht loan bill that has recently been revoked.

The conclusion from the meeting was revealed to utilize 3 sources of funding: the regular annual budget, loans taken out according to the 2005 Public Debt Bill, and investing in a Public-Private Partnership (PPP) cooperation.

Ms. Chularat has entrusted the Bureau of the Budget to lead the process and to prioritize the importance of 53 projects listed within the 2.2 trillion baht loan. She further stated that it should take approximately one and a half months to study each project in full detail and choose the most viable ones in order to move forward with the investment plans.