US$5.26 billion earmarked for new Greater Bangkok ring roads in Thailand

A total of US$5.26 billion (THB 160bn) will be set aside for new ring roads covering 254kms across Greater Bangkok as part of new infrastructure investment in Thailand over the next few years. The works are among a number of key transport infrastructure projects planned after the expected approval of a draft bill from Thailand’s Fiscal Policy Office agreeing new debt of $71.95 billion (THB 2.2trn). The bill is scheduled to take effect in the year beginning October 2014. Under the proposed bill, the Finance
January 4, 2013 Read time: 1 min
A total of US$5.26 billion (THB 160bn) will be set aside for new ring roads covering 254kms across Greater Bangkok as part of new infrastructure investment in Thailand over the next few years.

The works are among a number of key transport infrastructure projects planned after the expected approval of a draft bill from Thailand’s Fiscal Policy Office agreeing new debt of $71.95 billion (THB 2.2trn).

The bill is scheduled to take effect in the year beginning October 2014. Under the proposed bill, the Finance Ministry will be allowed to borrow funds from international or domestic markets, specifically for infrastructure investment. The budget will get 80% of the financing from the public sector.

Related Content

  • Funds of US$470mn proposed for US-Canada bridge project
    February 13, 2014
    Over the next two years, the Canadian government has proposed spending US$470 million on land purchases and other work associated with the New International Trade Crossing bridge project linking Detroit in the US and Windsor in Canada. In 2014, Canada, in collaboration with the Michigan Department of Transportation, anticipates to begin purchasing land on the Detroit portion of the river, potentially as soon as spring 2014. Under the $2 billion plus project, a six-lane bridge would be constructed from D
    Read More
  • Colombia’s infrastructure development
    December 5, 2013
    Colombia is benefiting from heavy investment in infrastructure that is helping boost the country’s economy. At the same time, tough policies have also reduced crime considerably and helped stabilise economic development. This process of economic growth and overall stabilisation looks set to continue as the Colombian Government has recently unveiled its plans for highway construction over the next 10 years. This infrastructure programme is also tipped to raise demand for surety products owing to government c
    Read More
  • Trump loses key infrastructure adviser DJ Gribbin
    April 5, 2018
    The key infrastructure policy adviser to US president Donald Trump has resigned, according to US media reports. DJ Gribbin is "moving on" to pursue unspecified opportunities, a White House official told the Washington Examiner newspaper. Gribbin joined the White House staff in February 2017 to advise Trump on how he could fulfil his election promise to boost infrastructure spending with around US$200 billion. Gribbin previously worked as chief counsel for the Federal Highway Administration and general
    Read More
  • Spanish highway project to get EIB A-rated bond issue?
    April 20, 2012
    The European Investment Bank (EIB) is reported to be in talks with the sponsors of the A-66 Benavente-Zamora highway public private partnership (PPP) in Spain over a possible bond financing deal, which would see the Bank provide subordinated debt for an A-rated bond issue. The possible bond issue would be a further greenfield project to launch the European Union’s Project Bond 2020 initiative, with its initial pilot stage being managed by the EIB.
    Read More

Highlighted Content