The Public-Private Partnership (PPP) committee will ask the Cabinet today to fast-track seven PPP projects worth Bt340 billion as the Finance Ministry pins its hopes on the investments being the main drivers of Thailand's economic growth in 2016.
Ekniti Nitithanprapas, director-general of the State Enterprise Policy Office (SEPO), said Somkid Chatusripitak, the deputy prime minister in charge of economic affairs and chairman of the PPP committee, wanted to fast-track the projects to shorten the initial PPP process time from one year and 11 months to 9 months.
“We aim to speed up the government process, especially the consideration period required by the ministers, but we will not intervene with the processes on the private sector side,” he said yesterday during the Thammasat Economics Association’s press conference.
The government has 66 PPP projects worth around Bt1.4 trillion under its five-year investment plan from 2015 to 2019. Among them, seven projects worth Bt340 billion will be fast-tracked with the details of Metropolitan Rapid Transit’s Pink Elevated Line and the Yellow Line, worth Bt56.7 billion and Bt54.7 billion, already submitted to SEPO.
The other PPP projects that could be fast-tracked include the Blue Extension Line, renewable energy power plants and motorways.