Thailand plans US$42.5 billion infrastructure investmen

Thailand aims to invest 1.4 trillion baht (US$42.6 billion) in new infrastructure projects this year, which are projected to generate 154,000 new employment, according to the country’s transport ministry (Jan 20).

Upgrades to the main Suvarnabhumi international airport, a container dry port, and a high-speed rail project connecting Thailand and China via Laos are among the land, air, and sea infrastructure projects.

In a statement, Transport Minister Saksayam Chidchob said these massive investment plans will improve Thailand’s economic framework so it may move forward without interruption.

Saksayam added that 516 billion baht in agreements had already been inked, with another 974 billion baht in new projects on the way.