In his comprehensive 30-minute address after the meeting, Srettha provided the project’s policy details, such as reasons, necessity, criteria, conditions and the key issue of the “funding source”. The plan is to drive the project with a loan of up to 500 billion baht, potentially through a royal decree or a loan authorisation law.
However, before the scheduled media briefing at 2 pm, an intense debate ensued during the committee meeting that commenced at 11.15 am. Central to the discussion was the legislation for borrowing, seen as a last-resort measure for securing the project’s funds.
