Private sector believes THB 2-trillion investment good for country’s competitiveness


BANGKOK, 19 October 2013 The private sector voices agreement with the government’s 2-trillion-baht investment on infrastructure mega projects as it will help reduce transportation costs and increase Thailand’s competitiveness in the long run. 

President of Federation of Thai Industries (FTI) Phayungsak Chartsutipol said although the private sector supported the mega investment, it was concerned that the political situation might delay the spending. The private sector wanted the government to implement the projects with transparency and accountability, the president added.

Meanwhile, PTTGC Chairman Prasert Bunsumpun said the projects on railroad would benefit the country’s competitiveness in the future while cutting transportation costs.