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Thai private sector eagerly awaiting Bt2 trillion investment

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Private sector eagerly awaiting Bt2 trillion investment
By English News

BANGKOK, Nov 22 – A Thai construction company is entering a joint venture with a Chinese firm to bid for the construction of dual rail tracks under the government’s mega infrastructure plans, tentatively scheduled to kick off next year.

Pasit Leesakul, director of TRC Construction Co, said the private sector is anxiously waiting for the launch of the development projects under the bill to borrow Bt2 trillion, which was passed by the Senate early this week.

TRC is a contractor for gas pipeline and engineering systems, and construction of factories for energy and petrochemical industries.

He said the development projects will increase Thailand’s competitiveness and decrease the logistics cost which amounts to 20 per cent of Thailand's gross domestic product.

Eighty-five per cent of the Bt2 trillion spending will be allocated to improvement of the railway system and the investment will definitely stimulate the country’s economy and boost employment, he noted.

Mr Pasit predicted 2014 as the golden year for the construction sector and his company will enter bids for energy-related construction at a total value of Bt25 billion.

The company also hopes to expand its business to neighbouring Myanmar and Cambodia with the construction of energy infrastructure. (MCOT online news)

tnalogo.jpg
-- TNA 2013-11-22

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Eighty Five percent of Bt2 trillion budget will be allocated to .............

Sent from my iPhone using Thaivisa Connect Thailand mobile app

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…. and the remaining 15% of the THB 2'000'000'000'000 explains the opening of luxury car dealerships around the government house. Taking a THB 60 mio. per car it results in a staggering 5'000 vehicles; the mother-of-all-luxury-car-dealerships then?
w00t.gifcrazy.gifneus.gif1zgarz5.gif

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Pasit Leesakul just got recently promoted to said position and is an experienced executive with 29 years of age 8-)

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Mr Pasit predicted 2014 as the golden year for the construction sector brown envelope makers

whistling.gif

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I bet they are!!!!!!!!!!!

I´d be pee-ing my pants too just thinking of my share whistling.gif

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A Thai construction company is entering a joint venture with a Chinese firm to bid for the construction of dual rail tracks under the government’s mega infrastructure plans, tentatively scheduled to kick off next year.

TRC is a contractor for gas pipeline and engineering systems, and construction of factories for energy and petrochemical industries.

Eighty-five per cent of the Bt2 trillion spending will be allocated to improvement of the railway system...

For God's sake! Let the railways be built by someone who knows HOW to build railways. My children and grandchildren are going to have to pay for this. I hope my grandchildren will be able to travel SAFELY on this railway, unless it has fallen apart by then. Also, what do we know about " a Chinese Firm"? Do they have a proven record of building safe railways? Can anyone else see the magnitude of this or am I just going loopy?

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Political sector absolutely salivating awaiting Bt2 trillion trough investment

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Let the trough orgy commence!

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I just pity the taxpayer. Not that there's many of those.

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wow!!! Baht 2trillion borrowed? and it is approved?Pasit Leesakul, I salute you!

Can we be friends with the Ex PM?

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BANGKOK 25 July 2017 01:55
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