Thailand amends PPP plan

Thailand’s government has made an amendment to its five-year strategic plan for PPP, confirming areas in which it can form joint ventures.

Ministers have approved the change to make its PPP plan more compatible with Thailand’s 12th National Economic and Social Development Plan (2016-2020). 

Under the amendment, the government is now able to form joint ventures with the private sector for city rail mass transit, toll projects for rail projects in urban cities, roads, ports and high-speed rail that require private investment. 

According to the Bangkok Post, a second category of PPP projects will be those which the government wants to promote joint investment, such as telecom networks, high-speed internet, intercity toll roads, large-scale convention centre development, and residential development for certain classes of people.

In April, the Thai government amended its PPP Act to speed up the procurement process.