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Thailand to spend big on transport infrastructure

Thailand is planning major infrastructure projects worth 1.49 trillion THB (45.16 billion USD) this year to improve its land, sea, and air connectivity.
Thailand to spend big on transport infrastructure ảnh 1Khaosan Road, a famous tourist attraction in Bangkok capital of Thailand. (Photo: AFP/VNA)
Bangkok (VNA) – Thailand isplanning major infrastructure projects worth 1.49 trillion THB (45.16 billion USD) this year to improve its land, sea, and airconnectivity.

TransportMinister Saksayam Chidchob announced the plan at a seminar last week,saying the plan includes 516 billion THB worth of the projects that havealready been approved.

Contracts for theremainder, worth 974 billion THB, will be agreed on later, the minister said,noting that 1.24 trillion THB will be spent on the procurement of raw materialsand equipment for the projects, which will create some 154,000 jobs.

Theinvestment will bring in some 400 billion THB a year, equivalent to about 2.35percent of Thailand's gross domestic product (GDP), according to the official.

Saksayam said the projects havebeen put in the ministry's long-term strategic action plan, so they will carryon regardless of who is transport minister. If everything goes as hoped, theywill increase Thailand's competitiveness in the world market in terms oflogistics and transport, which would in turn benefit all Thais./.
VNA
#Thailand#transport infrastructure#infrastructure projects#Thailand's gross domestic product#logistics#Vietnamplus#Vietnam News Agency
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