Photo by Tim Durgan on Unsplash.
The World Bank has highlighted the potential for growth in Thailand’s secondary cities such as Chiang Mai, Khon Kaen and Rayong in a recent study.
The report, Thailand Urban Infrastructure Finance Assessment, suggests that these cities could boost Thailand’s economy if they invest in urban infrastructure improvements, such as mass transit systems and renewable energy sources. However, the study points out that these cities will need to access private capital to finance these investments, rather than relying solely on central government funds.
Bangkok has traditionally been Thailand’s economic powerhouse, but its growth is decelerating. The World Bank suggests that secondary cities could take over as economic growth hubs if they can access the necessary private capital to improve urban infrastructure. The study points…
