BANGKOK, 23 June 2014 – The Ministry of Transport is set to propose a 154-billion-baht budget for the fiscal year 2015 to carry out infrastructure projects in line with the policy of the National Council for Peace and Order (NCPO).
Deputy NCPO Chief for Economic Affairs ACM Prajin Juntong today chaired the Transport Ministry’s meeting aimed to ensure that all of the ministry’s operational plans for the next fiscal year would be in accord with the 2015 budget framework drawn up by the Ministry of Finance. The Deputy Chief stressed that the budget planning of the Transport Ministry would need to go hand-in-hand with the NCPO’s transport infrastructure development strategy.
According to ACM Prajin, the strategic plans on the improvement of land, sea and air transport systems as well as railway and transportation in the Bangkok metropolitan area have yet to be completed. However, based on the assessment, a total of 154 billion baht might need to be allocated to the Transport Ministry, of which 75 percent or 110 billion baht would go towards the infrastructure projects.
ACM Prajin estimated that the budget proposal of each ministry would be delivered to the NCPO within July and conclusions would be reached on the exact amounts between mid-August and early September.