25.03.2012
Thailand will spend more than US$70 billion on infrastructure over the next five years, Prime Minister Yingluck Shinawatra said as she outlined the challenges facing the country after 2011's floods.
In an address late on Friday to the Foreign Correspondents' Club of Thailand, Ms Yingluck said her government would pursue an economic policy aimed at boosting domestic demand.
It would also 'approve a five-year plan to invest around US$72 billion in infrastructure and property enhancing Thailand's long-term competitiveness and to improve the quality of life of Thai people,' she said, pointing to a planned high speed train line from Bangkok to the northern city of Chiang Mai.
Separately, she said the country would invest US$11.4 billion in water management measures to ensure there was no repeat of the devastating floods which left more than 800 dead and deluged hundreds of thousands of homes.
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