Finance Ministry invoking joint venture law for govt projects

BANGKOK, 12 February 2015 (NNT) - Public Private Partnerships (PPP) have unanimously agreed to enforce a public joint-venture law on large investment projects worth at least 5 billion baht.

According to State Enterprise Policy Office (SEPO) Director Kulis Sombutsiri, the PPPs will submit a petition to the Ministry of Finance to enforce the 2013 Private Investment in State Undertaking Act (PPP Act) on investors in joint-venture government projects valued greater than 5 billion baht.

The extent of the law will vary according to the size of the individual investment from 1-5 billion baht, as well as the type of project.

The PPP Act will be enforced uniformly among investors in public infrastructure developments. However, more flexible regulations can be expected for commercial land development projects.

The enforcement of each project's regulations is subject to the discretion of the ministers overseeing the investments.


-- NNT 2015-02-12

The enforcement of each project's regulations is subject to the discretion of the ministers overseeing the investments.

So... these regulations (ie: rules) are not really regulations, they are more like guidelines, and as such, can be ignored at will?

The enforcement of each project's regulations is subject to the discretion of the ministers overseeing the investments.

So... these regulations (ie: rules) are not really regulations, they are more like guidelines, and as such, can be ignored at will?

Isn't everything in Lack of Sanctions (LOS)?