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March 21, 2013

Thailand may borrow $68B for megaprojects

  • High-speed train lines, ports and other infrastructure are planned for the next seven years.
    • By THANYARAT DOKSONE
    Associated Press

    BANGKOK — Thailand's Cabinet has approved a plan to borrow $67.6 billion to build high-speed train lines, ports and other infrastructure over the next seven years.

    Prime Minister Yingluck Shinawatra said the bill approved by Cabinet ministers Tuesday will allow the government to borrow the funds in Thailand and overseas without going through the annual government budget process. She said this will ensure the infrastructure plans aren't delayed and will give investors confidence in the projects.


     
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