Kittiratt to ease liquidity surplus by speeding up transport projects
Published on April 10, 2012 by TFP · No Comments
BANGKOK, 10 April 2012 Finance Minister Kittiratt Na-Ranong is expediting the construction of 10 more electric train routes as well as phase two of Suvarnabhumi Airport in an effort to solve the current problem of excess liquidity.
Mr Kittiratt revealed that signs of liquidity surplus have been detected in the Thai economy. Therefore, he said the government will need to speed up its investment plans to improve the country’s infrastructure system, which in turn should be able to prevent the liquidity problem from weighing down the economy.
The Minister has told the Transport Ministry to speed up the construction of 10 electric train routes as well as phase two of Suvarnabhumi Airport. He affirmed that the government has enough budgets for the 10 train routes, while the airport expansion project must be commenced quickly as it is already behind schedule.
Mr Kittiratt pointed out that Thailand was not serious about infrastructure development in the past, adding that if the nation had revamped its basic infrastructure five years ago, it would not be faced with the liquidity crisis today.
(NNT : Nuttaporn Chanchokpong)