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Sunday, May 5, 2024

Thailand plans B1.4 trillion infrastructure investment

Suvarnabhumi Airport in December 2021. (Photo by Bangkok Post)

Thailand plans new infrastructure projects worth 1.4 trillion baht (US$42.55 billion) this year, which are expected to create 154,000 new jobs, Transport Minister Saksayam Chidchob said on Thursday.

Infrastructure investments in land, air and sea include upgrading the main Suvarnabhumi airport, a dry port for containers, and a high-speed rail project linking Thailand with China, via Laos.

“These large investment plans will increase Thailand’s economic structure so it can move forward without interruption,” Mr Saksayam said in a statement.

Agreements worth 516 billion baht have already been signed with another 974 billion baht in new projects, he said.

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