A slew of billion-dollar infrastructure projects and an upswing in tourism will fuel Thailand’s expansion this year, shielding the economy from weaker exports and any possible delay in the budget approval due to elections, according to Finance Minister Arkhom Termpittayapaisith.
Government approvals for three projects at a combined investment of about 524 billion baht (US$14.9 billion) will ensure capital spending remains on track, Mr Arkhom said in an interview Monday in his office in Bangkok, citing a high-speed railway line connecting three airports, an expansion of an airport southeast of Bangkok and a deep seaport.
