Chadchart: 2-trillion-baht project must be pushed forward

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BANGKOK, 15 September 2013 Transport Minister Chadchart Sittipunt says the government’s 2-trillion-baht infrastructure project must be pushed forward in order to trigger the economy. 

The Transport Minister affirmed that the 2-trillion-baht project will be the main push for the Thai economy as the government expects to see at least 4 percent economic growth this year, adding that the world economic slump remains a huge threat.

He said Thailand needed to speed up the process of improving its basic infrastructure in preparation for the ASEAN Economic Community which is to be realized in 2015.

He further revealed that Thailand has not seen this big of a project in the last 10 years as the country lost its opportunity to edge its competitiveness in air, water, and land transport.

He went on to say that Thailand has to look at 4 aspects when investing in the future. These aspects include tourism and service industries, energy sources and raw materials, social development and wealth distribution, and domestic consumption. He said whether all of these segment will grow is up to the infrastructure project.