TFF to fund western expressway project
An expressway linking Rama III Road, Dao Kanong and the western outer ring road, will be the first project financed by the Thailand Future Fund, Deputy Prime Minister Somkid Jatusripitak says. The cabinet in December approved the launch of TFF to raise liquidity from the public for the construction of state projects and lower the fiscal burden incurred by the government’s massive infrastructure plan. The fund will mobilise up to 100 billion baht to be invested in greenfield and brownfield infrastructure projects. Mr Somkid said the TFF is likely to be formed by the end of this year and the Expressway Authority of Thailand will be the first agency to use the fund’s proceeds to finance the expressway linking Rama III Road-Dao Kanong and the western outer ring road.
