World News

Thailand plans $33 billion public-private investment projects

BANGKOK (Reuters) – Thailand plans public-private partnership (PPP) projects worth 1.09 trillion baht ($33.39 billion) during 2020-2027, the finance ministry said on Wednesday, as the government tries to revive the struggling economy amid the coronavirus pandemic.

The 92-project plan includes 18 high-priority infrastructure projects worth 472 billion baht, Prapas Kong-Ied, head of the

State Enterprise Policy Office, said in a statement.

The government has promoted investment to spur long-term economic growth as Southeast Asia’s second-largest economy is heavily reliant on global demand, and exports have been weak.

The outbreak is hitting activity and the tourist sector, particularly hard, as Thailand has imposed a night curfew, having closed malls and bars and banned passenger flights to try to limit the spread.

The country has reported 2,643 cases of infection and 43 deaths.

(Reporting by Kitiphong Thaichareon, Writing by Orathai Sriring; Editing by Alex Richardson)