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JBIC to give Bt700 billion mega projects


March 9, 2008

JBIC to give Bt700 billion mega projects

The Japan Bank for International Cooperation (JBIC) affirmed on Friday it was ready to grant a Bt700 billion loan to finance Thailand's mega projects, Thai News Agency reported.

The Japanese agency would grant a loan for nine electric train extension routes, according to Transport Minister Santi Prompat who had spoken to a senior JBIC official.

Other countries have also shown interested in extending loans for the Thai government's mega projects, he said, adding that the Ministry of Finance would accept loans from the source giving the best offer.

JBIC is also interested in giving Bt5.6 billion in loans to the Thai government for the second-phase of construction at Suvarnabhumi international airport.

The Airports of Thailand Public Company Limited (AoT) plans an extension to beginning later this year to serve a rising number of passengers using the Suvarnabhumi terminal.

The final decision rests with the new AOT board to be announced March 14. Santi said beside seeking loans from JBIC, AOT might issue new shares to finance the airport extension project.

Mass Rapid Transit Authority of Thailand (MRTA) governor Prapat Chongsanguan said that JBIC and the MRTA will sign a contract for the first portion of a loan of Bt18 billion out of a total of Bt300 billion, for construction of the Purple Line electric rail project later this month. (TNA)

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