Thai Infrastructure Investment Fund Created

• 16 January 2016
• Local News
• 685 Views

Thailand’s Finance Ministry has approved the establishment of a $2.78 billion ‘Thailand Future Fund’ to support government infrastructure investment projects.

Expected to launch at year’s end, the ministry hopes to attract local and foreign institutional investors to participate in the fund. The fund is part of government efforts to boost the economy through investing $50 billion in big-ticket infrastructure projects, many focused on transport.

In December, the Thai cabinet approved a $2.64 billion plan for an elevated rail line in Bangkok and bidding also opened for a $650 million dual-track railway project in the northeast. The government aims to get 20 rail, road, port and air transport projects underway by 2018.