Investment plans to be presented

national June 02, 2014 00:00

By Somluck Srimalee
The Nation

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NCPO set to review state enterprises' infrastructure plans

Some 56 state enterprises will propose an investment budget worth more than Bt663 billion to the junta’s chief of economic affairs, Air Chief Marshal Prajin Jantong today.
Major investment plans include infrastructure projects such as: 14 double-track rail lines nationwide worth Bt403 billion; investment in Bang Sue station for the Red line (Bt29.8 billion and redesigned to support both rail and high speed train systems); the second stage of Suvarnabhumi International Airport (Bt16.6 billion); and a plan for alternative energy by PTT worth Bt68.7 billion (see graphic).
Dr Boonsom Lerthiranwong, chairman of the State Railway of Thailand, said the SRT would propose investing in 14 double-track lines. Five have already been approved by Cabinet for Bt118 billion, but are awaiting environmental impact assessments (EIA), while the other nine routes are awaiting approval. 
Three of the nine will be new rail routes, including Denchai-Chiang Rai-Chiang Khong, Ban Pai district in Khon Kaen to Nakhon Phanom, and Baan Phachi Junction to Nakhon Luang district in Ayutthaya province.
“We will propose more details of our plan to the chief of economic affairs today (June 2),” he said.
Prapat Jongsanguan, governor of the State Railway of Thailand (SRT) added that SRT would propose a revised construction design for the Red Line system at Bang Sue station to support both the rail and high speed train systems worth Bt29.8 billion. SRT’s board has already approved the plan.
Board chairman of the Electricity General Authority of Thailand (Egat), Anchalee Chavanich, said Egat planned investment for the “re-power” project at Mae Moh 1-4 in Lampang province and a high voltage plant in the south and a project in the west. The proposals had been approved but were delayed by the political turmoil.
PTT’s Pailin Chuchottaworn said the PTT had proposed a business plan that “fits” with NCPO policy, especially alternative energy projects. The group also has an investment plan worth Bt68.7 billion in petrochemical and alternative energy.
Air Chief Marshal Prajin Juntong said after the state enterprises propose their investment plans, he would include their proposals in the national economic roadmap and present them to General Prayuth Chan-ocha, chief of the National Council for Peace and Order (NCPO) tomorrow.
Prajin said most of the delayed projects within the budget would be considered by the NCPO, with the most urgent projects first in order to avoid further delay.
In the current year, investment plans by state enterprises amounted to Bt346.9 billion – but in the first four months they spent only Bt71.75 billion or 20 per cent of this total sum. 
Who wants what
State enterprises’ planned investment budget for the 2013/14 fiscal year worth over Bt663 billion, to be presented today to the junta’s chief of 
economic affairs.
State enterprises Value (Bt billions)
Thai International Airways 23.7
Thailand Post 1.25
PTT 68.7
Metropolitan Electricity Authority 16
Expressway Authority of Thailand 4
Airports of Thailand 16.6
State Railway of Thailand 432.8
Electricity General Authority of Thailand (EGAT) 100  
Source: State Enterprise Policy Office, State Railway of Thailand, Electricity General Authority of Thailand

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