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Meet held on fund-raising for 53 transport projects

The Public Debt Management Office has discussed with relevant agencies the need to raise funds quickly for 53 state infrastructure projects after the Constitutional Court recently ruled that the Bt2-trillion borrowing bill was in violation of the 2007 charter.

PDMO director-general Chularat Suteethorn said the office had convened with agencies including the National Economic and Social Development Board, the Fiscal Policy Office, the Budget Bureau and the Office of Transport and Traffic Policy and Planning, to prioritise investment in the 53 projects.

A working committee was set up to consider these projects' priorities, while the Transport Ministry has been assigned to propose their prioritisation for funding from the fiscal 2015 budget, loans under the public borrowing bill, and fund-raising under public-private partnerships.

The working committee is expected to finish prioritising the projects within 45 days and will propose its findings for consideration of the new government.

"The meeting appointed a subcommittee to review and examine which projects can be sped up as soon as possible," Chularat said.

There has not yet been a review for additional borrowings for the rice-pledging programme, but that matter is still on the PDMO's agenda, she said.


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