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By August 26, 2020No Comments

Thailand Turns to Road and Rail Spending to Prop Up Economy (Aug. 25, 6:00 p.m. ET)


Thailand’s Transport Ministry plans to accelerate spending on roads and rail projects in the fiscal year starting in October to aid an economy hammered by a slump in exports and tourism, according to Bloomberg.


Key programs include expansion of Bangkok’s mass-transit network and expressways linking several nearby provinces and the nation’s eastern seaboard to Bangkok, as about half of Thailand’s gross domestic product comes from the capital city though it has less than a 10th of the nation’s population.