Bangkok, Thailand, November 10, 2017
The Ministry of Transport has prepared eight new infrastructure investment projects for implementation next year, with a combined budget of over 100 billion baht.
During the seminar entitled “Thailand Economic Outlook 2018 : An Era of Business Transformation”, Deputy Prime Minister for Economic Affairs Somkid Jatusripitak gave an address under the topic “Thai Economy Transformed”, pointing out remarkable improvements in the Thai economy over the past three years.
He elaborated that positive sentiments in all sectors have driven up this year’s growth of Thai GDP to 3.7 percent. The fourth quarter’s growth is expected to reach 4 percent while this momentum could continue through the first quarter of 2018. He insisted that the government is committed to strengthening the foundation of the country in preparation for the next general election.
Meanwhile, Transport Minister Arkhom Termpittayapaisith, speaking on the topic “Infrastructure Opportunities”, made known that 2018 will be the year the government’s investment in transport infrastructure reaches its peak. He said there are eight new projects, valued at 103 billion baht, in the pipeline, in addition to 51 ongoing projects.
A budget of 745 billion baht is also set to be invested in another 103 projects within the Eastern Economic Corridor. Furthermore, the Transport Ministry is planning to propose two new electric train projects within next year, namely the western section of the Orange Line and the Red Line.