HomeBusinessThailand plans $42.5 billion infrastructure investment this year

Thailand plans $42.5 billion infrastructure investment this year

BANGKOK : Thailand plans new infrastructure tasks value 1.4 trillion baht ($42.55 billion) this year, that are anticipated to create 154,000 new jobs, its transport minister stated on Thursday.

Infrastructure investments in land, air and sea embrace upgrading the primary Suvarnabhumi worldwide airport, a dry port for containers, and a high-speed rail undertaking linking Thailand with China, by way of Laos.

“These large investment plans will increase Thailand’s economic structure so it can move forward without interruption,” Transport Minister Saksayam Chidchob stated in a press release.

Agreements value 516 billion baht have already been signed with one other 974 billion baht in new tasks, Saksayam stated.

($1 = 32.9000 baht)

(Reporting by Chayut Setboonsarng and Panarat Thepgumpanat; Editing by Martin Petty)

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