Thailand to spend big on transport infrastructure
Thailand is planning major infrastructure projects worth 1.49 trillion THB (45.16 billion USD) this year to improve its land, sea, and air connectivity.
Khaosan Road, a famous tourist attraction in Bangkok capital of Thailand. (Photo: AFP/VNA)Transport Minister Saksayam Chidchob announced the plan at a seminar last week, saying the plan includes 516 billion THB worth of the projects that have already been approved.
Contracts for the remainder, worth 974 billion THB, will be agreed on later, the minister said, noting that 1.24 trillion THB will be spent on the procurement of raw materials and equipment for the projects, which will create some 154,000 jobs.
The investment will bring in some 400 billion THB a year, equivalent to about 2.35 percent of Thailand's gross domestic product (GDP), according to the official.
Saksayam said the projects have been put in the ministry's long-term strategic action plan, so they will carry on regardless of who is transport minister. If everything goes as hoped, they will increase Thailand's competitiveness in the world market in terms of logistics and transport, which would in turn benefit all Thais./.
You should also see
Vietnam shares experience in economic development, population affairs to achieve SDGs
Deputy Minister of Planning and Investment Tran Duy Dong highlighted Vietnam’s efforts and achievements in economic development and population affairs to achieve sustainable development goals (SDGs) while addressing the 57th session of the Commission on Population and Development (CPD57) of the UN Economic and Social Council (ECOSOC).
See more
World
Thailand has new foreign minister
Thailand's King Maha Vajiralongkorn has approved Maris Sangiampongsa, 65, as the country's new foreign minister, according to the Royal Gazette.
World
Cambodian media values Vietnam's foreign investment attraction
The SBM NEWS website of Cambodia has published an article praising Vietnam's ability to attract foreign investment, especially in the northeastern province of Quang Ninh.
World
People-to-people diplomacy helps heal war wounds: Experts
People-to-people diplomacy has become a bridge to heal the wounds of war, contributing to building trust, and promoting the development of Vietnam-US relations to new heights, said experts.
World
Thailand, Laos to open more friendship bridge this November
The fifth Thai - Lao friendship bridge, which links Bueng Kan province of Thailand with Pakxan town of Laos, is scheduled to open this November.
World
Thailand carries out cabinet reshuffle
The new cabinet of Thai Prime Minister Srettha Thavisin was announced on April 28.
