Thailand to Kick Start $45 Billion Economic Revamp Before Polls
- Military government is seeking to redevelop eastern seaboard
- Goal is to get project underway before possible late 2018 vote
A sky train operated by Bangkok Mass Transit System Pcl, a unit of BTS Group Holdings Pcl, travels on an elevated track above Chong Nonsi intersection in central Bangkok, Thailand, on Wednesday, Oct. 14,. 2015.
Photographer: Dario Pignatelli/BloombergThis article is for subscribers only.
Thailand’s military government is looking to start construction of projects under a 1.5 trillion baht ($45 billion) investment plan before the country’s possible return to democracy late next year.
Enabling laws for the so-called Eastern Economic Corridor initiative should be in place by the end of 2017 to bolster investor confidence, and construction of some of the planned infrastructure could begin next year, Kanit Sangsubhan, the secretary-general of the office overseeing the plan, said in an interview.