US$5.26 billion earmarked for new Greater Bangkok ring roads in Thailand
First publishedon www.WorldHighways.com
A total of US$5.26 billion (THB 160bn) will be set aside for new ring roads covering 254kms across Greater Bangkok as part of new infrastructure investment in Thailand over the next few years.
The works are among a number of key transport infrastructure projects planned after the expected approval of a draft bill from Thailand’s Fiscal Policy Office agreeing new debt of $71.95 billion (THB 2.2trn).
The bill is scheduled to take effect in the year beginning October 2014. Under the proposed bill, the Finance Ministry will be allowed to borrow funds from international or domestic markets, specifically for infrastructure investment. The budget will get 80% of the financing from the public sector.