Thailand approves five PPP projects

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Thailand approves five PPP projects

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The Government of Thailand, through the Deputy Prime Minister Somkid Jatusripitak, has approved a total of five PPP projects worth about Bt200 billion (US$5.5 billion) under the country's infrastructure development plan from 2015 to 2020.

According to Mr Somkid, the projects will be submitted to the cabinet for approval this year. They include three Metropolitan Rapid Transit (MRT) projects in Bangkok and two waste-to-energy power plants. The five approved projects are the following:

  • Operation of Blue Line extension PPP projectwhich will link Bang Sue and Bang Khae. The estimated cost will be approximately Bt82.4 billion (US$2.27 billion). The line now runs from Hua Lamphong to Bang Sue. The preferred bidder will be responsible for the operation and maintenance of the new extension.

Somkid Jatusripitak stated:

"The PPP projects that were identified are meant to help lower the financial burden of the government as it is planning to spend a large amount of capital on infrastructure projects."

"The investment will be in the form of a PPP to save state funds on plans to improve basic infrastructure and to make the government control public debt in line with the Finance Ministry's policy to cap it between 50% and 60% (of GDP)"

Under Thailand's infrastructure development plan, it is expected to be invested about Bt1.57 trillion (US$43.2 billion), most of it through partnerships with the private sector. The plan includes a total of 66 projects in 20 categories, 80% of them being transport projects.

We have recently reported on several PPP projects in the Asia Pacific region:
List of country news

Country news

  • November 16, 2015

    Thailand puts 5 transport PPP projects on fast track

    Somkid Jatusripitak, deputy prime minister and chairman of PPP, said, these five projects would be driven under the PPP fast track, which would take shorter time to rush all the processes. The tender processes for the projects are expected to be launched soon to finish the bidding process by the first half of 2016. Read more

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