PM to promote land bridge project during APEC and ASEAN-Japan summit

2 Oct 07:00 Key points summarised by AI

Prime Minister Srettha Thavisin will actively promote Thailand's ambitious 1.4 trillion baht land bridge project at APEC 2023 and the ASEAN-Japan Commemorative Summit to attract foreign investment.
The mega-project aims to connect ports on Thailand's east coast (Gulf) with the west coast (Andaman Sea) via a high-speed train and road system, offering an alternative shipping route.
The government plans an international roadshow next year, with an invitation for international bidding expected in 2025, offering a 50-year concession to participating investors.
While top executives have shown interest, studies suggest that cargo vessels not stopping in Singapore might bypass the land bridge due to potential double handling costs, and the project requires both EHIA and SEA approvals.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.