Cabinet approved THB3.5bil to help build dikes around 6 at-risk industrial estates

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BANGKOK, 25 July 2012  – The Cabinet has resolved to lend money to help build flood prevention system around major industrial estates at risk of inundation.

Deputy government spokesman Chalitrat Chandrubeksa said on Tuesday that the weekly Cabinet meeting resolved to support the planned construction of dikes around key industrial estates, initially commenced by the Industrial Estate Authority of Thailand (IEAT).

The project was intended for the industrial estates in Lat Krabang, Bangchan, Banpu, Samut Sakhon, Banplee and Pichit.

In doing so, the Cabinet agreed to allow Government Savings Bank to lend IEAT 3.54 billion baht with an interest rate of 0.01 percent per annum and the payback period of 15 years.

Mr. Chalitrat added that the Prime Minister also urged IEAT to carefully adjust their maintenance and service fees, if needed, in such a way that causes the least impact on related business operators.