Thai-British cooperation for joint investment projects discussed

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BANGKOK, 29 October 2015  – State Enterprise Policy Office Director Eakniti Nitithanprapas and British Ambassador to Thailand Mark Kent discussed Thai-British cooperation for joint investment projects.

The Thai-British cooperation under 2013’s Public-Private Partnership Act (PPP) is designed to assimilate experiences and ideas among members of the public and private sectors of both countries.

The State Enterprise Policy Office director said the PPP cooperation is one of the Thai government’s major policies under which investments are to be expedited and promoted by both the public and private sectors.

Excess liquidity in the banking system, currently reported to amount as much as 2.2 trillion baht, may be used to finance investment projects.

Moreover, he said, the State Enterprise Policy Office will introduce the so-called PPP Fast Track to streamline approval process for investment projects and reduce auction process from two years to eight months.