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Cabinet approves massive loans for infrastructure projects



The Cabinet has just approved massive domestic and foreign borrowings to finance investment of the state enterprises and new public projects to stimulate the economy.

 The domestic tranche will amount to Bt200 billion, which represents short-term facility to ease the liquidity of the state enterprises. The government would like the state enterprises to play a key role in fresh investment to prop up the economy.

 The foreign tranche will cover US$2 billion or almost Bt70 billion in overseas borrowings from the Asian Development Bank, the World Bank or the Japan Bank for International Cooperation. This overseas borrowings will help finance infrastructure projects that will not only create jobs but will also enhance Thailand's competitiveness in the longer term.

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