ID :
171618
Tue, 03/29/2011 - 14:48
Auther :
Shortlink :
http://m.oananews.org//node/171618
The shortlink copeid
SEPO says Japanese Investors will invest in the Thai High Speed Rail Project
BANGKOK, March 29 (TNA) - Dr. Somchai Sujjapongse, Director of the Thai State Enterprise Policy Office (SEPO) said Japanese investors are still interested in co-investing in three of the five routes in the new Thai High Speed Rail Project, namely the Bangkok–Chiang Mai, the Bangkok–Rayong and the Bangkok–Ubolratchathani lines, despite the recent earthquake and tsunami.
Since the natural disaster struck their country three weeks ago, a number of Japanese investors are considering expanding their investments to Thailand, and Representatives from SEPO will travel to Japan in Mid-April to discuss investment opportunities with them.
Meanwhile, Thailand and China will co-invest in the two other routes of the Thai High Speed Rail Project, namely the Bangkok–Nongkai and the Bangkok–Hat Yai – Padangbezar, and will sign a Memorandum of Understanding in April prior to the House dissolution. In this partnership, Thailand will own a larger share of the project.
Director of SEPO said a public-private partnership (PPP) bill will be proposed to the meeting of the Cabinet for consideration on Tuesday April 5th 2011. The bill aims to facilitate co-investments between the public and the private sector in Thailand.
In another matter, Atchaka Sribunruang, Secretary General of the Board of Investment (BOI) said the estimate of the damage of the recent earthquake and tsunami on Japanese investors in Thailand is still unknown. At the moment, companies in Thailand are still investigating whether there is a shortage in production parts, and if so, whether the production parts can be replaced from elsewhere. In the meantime, companies in the United States and in Europe, particularly those in the car manufacturing industry are also estimating the damage from the recent disaster on their businesses.
Although Japan was the leading foreign country in terms of its value of investment in Thailand, the BOI believes that the devastation from the recent natural disaster in Japan would not affect the total foreign direct investment in Thailand this year, which should reach 400 billion baht. The BOI will continue to hold road shows to attract foreign investors and will travel to India and Africa in April to attract quality investors from those markets, focusing on the Hi-Tech industry, the software industry, the creative design industry, and the environmental industry. (TNA)
Since the natural disaster struck their country three weeks ago, a number of Japanese investors are considering expanding their investments to Thailand, and Representatives from SEPO will travel to Japan in Mid-April to discuss investment opportunities with them.
Meanwhile, Thailand and China will co-invest in the two other routes of the Thai High Speed Rail Project, namely the Bangkok–Nongkai and the Bangkok–Hat Yai – Padangbezar, and will sign a Memorandum of Understanding in April prior to the House dissolution. In this partnership, Thailand will own a larger share of the project.
Director of SEPO said a public-private partnership (PPP) bill will be proposed to the meeting of the Cabinet for consideration on Tuesday April 5th 2011. The bill aims to facilitate co-investments between the public and the private sector in Thailand.
In another matter, Atchaka Sribunruang, Secretary General of the Board of Investment (BOI) said the estimate of the damage of the recent earthquake and tsunami on Japanese investors in Thailand is still unknown. At the moment, companies in Thailand are still investigating whether there is a shortage in production parts, and if so, whether the production parts can be replaced from elsewhere. In the meantime, companies in the United States and in Europe, particularly those in the car manufacturing industry are also estimating the damage from the recent disaster on their businesses.
Although Japan was the leading foreign country in terms of its value of investment in Thailand, the BOI believes that the devastation from the recent natural disaster in Japan would not affect the total foreign direct investment in Thailand this year, which should reach 400 billion baht. The BOI will continue to hold road shows to attract foreign investors and will travel to India and Africa in April to attract quality investors from those markets, focusing on the Hi-Tech industry, the software industry, the creative design industry, and the environmental industry. (TNA)
