Thailand and Uk Create Anti-corruption Initiative

• 5 April 2016
• Local News
• 805 Views

The British Embassy in Bangkok and Thailand’s State Enterprise Policy Office have co-hosted a seminar on the Construction Sector Transparency (CoST) Initiative.

Last year Thailand signed up to become the 14th member country of CoST, a global initiative to reduce corruption in the construction industry.

Mark Kent, British Ambassador to Thailand, said, “it is a challenging process, with construction and public works known to be one of the most corrupt business sectors, and Thailand is not alone on this.

“One study estimates that 10-30% of investment in public infrastructure could be lost through corruption, mismanagement and inefficiency.

“In implementing CoST’s international standards to tackle those problems, Thailand needs to establish a disclosure and assurance system to enhance transparency in public construction projects.”.