Borrowing to fund state projects | Bangkok Post: business - News Summed Up

Borrowing to fund state projects | Bangkok Post: business


Borrowing will be the largest funding source for the government's big-ticket infrastructure projects, providing 60% of the total value of 1.7 trillion baht, says Finance Minister Apisak Tantivorawong. The government intends to invest in 20 big-ticket infrastructure projects worth a combined 1.7 trillion baht. Three expressway projects will be used as underlying assets for the TFF, Mr Apisak said. The cabinet in December approved the launch of the TFF, an infrastructure fund to raise cash from the public for the construction of state projects. The fund will also afford the government more room to invest in necessary infrastructure projects with lower investment returns.


Source: Bangkok Post March 10, 2017 00:21 UTC



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