Thailand plans public-private partnership (PPP) projects worth 1.09 trillion baht ($33.39 billion) during 2020-2027, the finance ministry said on Wednesday, as the government tries to revive the struggling economy amid the coronavirus pandemic.
The 92-project plan includes 18 high-priority infrastructure projects
The 92-project plan includes 18 high-priority infrastructure projects worth 472 billion baht, Prapas Kong-Ied, head of the State Enterprise Policy Office, said in a statement. The government has promoted investment to spur long-term economic growth as Southeast Asia's second-largest economy is heavily reliant on global demand, and exports have been weak.
The outbreak is hitting activity and the tourist sector, particularly hard, as Thailand has imposed a night curfew, having closed malls and bars and banned passenger flights to try to limit the spread. The country has reported 2,643 cases of infection and 43 deaths.