Government searches for ways to invest in 2.2 trillion baht project

[webfact]

Government searches for ways to invest in 2.2 trillion baht project



BANGKOK, 1 April 2014 (NNT) — The Ministry of Finance is currently searching for ways to invest in the 2.2 trillion baht mega project by laying out strategies, budgeting plans, and other means of investing with the private sector.

Ms. Chularat Suteethorn, the Director-General of Public Debt Management Office, disclosed that she had met with the Bureau of the Budget, the Office of the National Economic and Social Development Board, the Office of Transport and Traffic Policy and Planning, and the Fiscal Policy Office, in order to discuss feasible projects under the 2.2 trillion baht loan bill that has recently been revoked.

The conclusion from the meeting was revealed to utilize 3 sources of funding: the regular annual budget, loans taken out according to the 2005 Public Debt Bill, and investing in a Public-Private Partnership (PPP) cooperation.

Ms. Chularat has entrusted the Bureau of the Budget to lead the process and to prioritize the importance of 53 projects listed within the 2.2 trillion baht loan. She further stated that it should take approximately one and a half months to study each project in full detail and choose the most viable ones in order to move forward with the investment plans.


-- NNT 2014-04-01

[TVGerry]

And how much of this 2.2 trillion baht will go into the pockets of friends and cronies?

[Spartakos]

I guess that nasty idea will not just die without a fight.

[h90]

And how much of this 2.2 trillion baht will go into the pockets of friends and cronies?

If they are honest: half I guess....if they are corrupt than more.

[slapout]

With 50+ projects to be studied at 1 1/2 moths each, that is a lot of budget just to make a payroll for all those involved in the study to number them by someones importance wegie board. Government reasoning at its most profound state.

[wprime]

What's the relevance of the photo?

These photos are more relevant:

[Pimay1]

Government searches for ways to invest in 2.2 trillion baht project in order not to lose 660 billion Baht in kickbacks.

[bushman1666]

2.2 Trillion, that is some serious tea money. Many snouts in the trough on this one!

[bigbamboo]

Why not just plough all the cash into Dawei and cut out the sideshow. Wasn't that the real intention anyway?

High speed trains indeed!

Edited April 1, 2014 by bigbamboo

[lungmi]

It's easy to resolve the problem. In Dubai is a good investor.

Edited April 1, 2014 by lungmi

[HiSoLowSoNoSo]

So they are still dreaming about the 2.2 Trillion! Must be no limits to their greed.

[chainarong]

I do believe for the present this loan has been refused , full credit though , nothing like planning with money you have not got , a little bit like the rice scam , now if the finance department would like to take a good look at the PTP loan box of tricks , it would see that they are borrowing outside the IMF guidelines, set in place after the Asian crisis of 1997,speculating of what might have been seems to be a pass time in Thailand.

[Scamper]

The Pheu Thai mindset is like the Duracell bunny - it just keeps going and going. Once an idea has been wound, there is no turning back. Too late to change course or even a new idea. They're in it for the long haul. After all the scandal - and a Constitutional ruling that still might determine in and of itself the future of the Pheu Thai party - we're back to the wonderful world of 2.2 trillion baht, and how to get it. Pheu Thai still has the conviction that they are in power. Everything seems to be on automatic pilot. They can't stop delegating, and they can't stop dreaming up mega-projects that haven't a hair of transparency and accountability to them. It's almost a sickness.

[kimincm]

Wouldn't you think they would already have projects on the drawing board to know that they needed to borrow the 2.2 trill.and if not where did they come up with this number. The last I heard from Y'luck on the high speed train was that it would get produce to BKK quicker and fresher.Another first for Thai a high speed freight train.

[ginjag]

Instead of what THEY wanted, why not have a transport system that serves the public interest.

Standard dual track. Eastern seaboard to BKK------BKK to Nong Khai------BKK to Chiang Mai-----BKK to Malaysia. Rail engines similar to the UK 125/150.

Electric Lines/Diesel ----freight 50% rail. intercity and commuter trains.

All delayed projects scrapped.

All main highways--1--2--3--4 intersections to be scrapped, traffic lights scrapped, entering traffic/cross traffic under /over.

Inter city /town roads updated with attention to U turns/m/cycle lanes. Trams/lines for public transport-built. center BKK roads permits required. updated bus service especially for elderly/infirm.

ALL Thailand school buses regulated/safe and mini/ tour buses speed governed, drivers checked/ vehicles checked.

Just a few of the main things that have to be addressed.

NO NEED for bullet type trains---very fast service covered by airports.

[thesetat2013]

I do believe for the present this loan has been refused , full credit though , nothing like planning with money you have not got , a little bit like the rice scam , now if the finance department would like to take a good look at the PTP loan box of tricks , it would see that they are borrowing outside the IMF guidelines, set in place after the Asian crisis of 1997,speculating of what might have been seems to be a pass time in Thailand.

If i recall the money and plans were scrapped for being vague where it would go.

What gets me is what is the importance to that amount?

They wanted to borrow the exact amount for their speed train project.

Now they are trying to make projects to get the same amount. Their must be some significance to this other than given credit for so much. Banks often extend a line of credit but i would kill my wife if she went and borowed all of it just so she can buy more.

Can this caretaker gov even make plans with the budget office to make more schemes and debt?

Sent from my GT-S5310 using Thaivisa Connect Thailand mobile app

[rijb]

Instead of what THEY wanted, why not have a transport system that serves the public interest.

Standard dual track. Eastern seaboard to BKK------BKK to Nong Khai------BKK to Chiang Mai-----BKK to Malaysia. Rail engines similar to the UK 125/150.

Electric Lines/Diesel ----freight 50% rail. intercity and commuter trains.

All delayed projects scrapped.

All main highways--1--2--3--4 intersections to be scrapped, traffic lights scrapped, entering traffic/cross traffic under /over.

Inter city /town roads updated with attention to U turns/m/cycle lanes. Trams/lines for public transport-built. center BKK roads permits required. updated bus service especially for elderly/infirm.

ALL Thailand school buses regulated/safe and mini/ tour buses speed governed, drivers checked/ vehicles checked.

Just a few of the main things that have to be addressed.

NO NEED for bullet type trains---very fast service covered by airports.

Your last point might be suspect. China's high-speed rail is so popular, it's hurting the domestic airline industry.

http://qz.com/193556/chinas-high-speed-rail-is-so-popular-its-hurting-the-domestic-airline-industry/

[gemini81]

With hearings and all going on, demonstrations, corruption charges; still haven't learned anything. Only more ways to rob, plunder swindle their way through until their demise. Fortunately, they can't take it with them in the next life.

C'mon army, get to the point and get these greedy con artists out of here by any means.

Edited April 1, 2014 by gemini81

[ginjag]

Instead of what THEY wanted, why not have a transport system that serves the public interest.

Standard dual track. Eastern seaboard to BKK------BKK to Nong Khai------BKK to Chiang Mai-----BKK to Malaysia. Rail engines similar to the UK 125/150.

Electric Lines/Diesel ----freight 50% rail. intercity and commuter trains.

All delayed projects scrapped.

All main highways--1--2--3--4 intersections to be scrapped, traffic lights scrapped, entering traffic/cross traffic under /over.

Inter city /town roads updated with attention to U turns/m/cycle lanes. Trams/lines for public transport-built. center BKK roads permits required. updated bus service especially for elderly/infirm.

ALL Thailand school buses regulated/safe and mini/ tour buses speed governed, drivers checked/ vehicles checked.

Just a few of the main things that have to be addressed.

NO NEED for bullet type trains---very fast service covered by airports.

Your last point might be suspect. China's high-speed rail is so popular, it's hurting the domestic airline industry.

http://qz.com/193556/chinas-high-speed-rail-is-so-popular-its-hurting-the-domestic-airline-industry/

China is so vast, doubt if they have flights on many rail routes, but that is China, they built the transport Thailand does not invent they have to buy other countries travel ways.

The Chinese high speed at the cost would never pay for it'self. Here it would have to be more expensive and 1 hour flight here to 5 hours train a no go.

150 mph UK is not that far short of the China train ---I have just saved over 1 trillion for Thailand. O % corruption as audits kept.

[rijb]

Maybe China could extend their rail down here. But, that might bring more Chinese tourists.

[ginjag]

Maybe China could extend their rail down here. But, that might bring more Chinese tourists.

Only the Chinese would set off from Beijing to BKK on holiday by rail. ---but stopping off on a route here and there could have possibilities--Direct -I wouldn't for hols.

Extending Thai routs to connect via Laos-China good idea, but Laos would have to also get shifting its Rs.

Not forgetting off the 4 Thai train routes spurs off to all major cities as in UK.

O lord ! I forgot to be involved I would need a work permit and watch my back at all times.---good to swap ideas

[lostmebike]

Government searches for ways to invest in 2.2 trillion baht project

'New car for the kik, new house for the Mrs, maybe I'll treat myself to an island' said Somchai, minister of transport.

[ramrod711]

I read something on here a few months ago about PTP talking to friends along the projected rail lines, giving inside information as to property investment. Perhaps the "investors" are slightly upset about buying useless land. PS if anyone remembers the article regarding this I would like to re-read it.

[Rorri]

Isn't today April 1... repeat this story tomorrow, and I might believe it.

[marcusd]

The cart before the horse if ever there has been such a case. INVEST??? They have not even been given the funds as yet and if they HAVE those funds stashed they should pay the farmers first.

I remember Yinny traipsing around the world begging and no one offered her a crumb.

[Soutpeel]

From what I understand, they are planning to build a sub-sea Mag-Lev rail network system with only two stations, one in BKK and the other in Dubai, to enable PTP members and other pigs at the trough to visit Dubai at the fastest possible speed to brown nose Thaksin of Arabia

[spidermike007]

I have an idea. Since it is to be built by the Chinese, and will link Thailand with Laos and China, why don't the Chinese foot the bill entirely, and collect on the concession? They will probably turn a profit eventually, and it would cost Thailand little. Win, win, right?

[jonesthebaker]

so lets think about this in simple terms. why would any person or organization (inc gov) seek to borrow a huge amount of money without first knowing exactly what it is needed for? well they wouldn't unless there is easy money to be made.

the pay back for this loan will be massive and it gives the IMF dircet access to the way the countyr will be run in the future. every man woman and child will pay back the interest on this loan for decades to come.

terms and agreements from the IMF will ensure gaurantees that increased taxation on everything for gasoline to all utilities, to cigarettes and alchol will be essential and substantial to pay back this loan

It is simply the way the IMF operate world wide. this is not in the interests of the people. then again everyone knows that already - dont they?

[Rimbuman]

They can't keep a regular train between the rails

[skippybangkok]

Maybe pay the Rice Scheme bills first !