Flood panel seeks nod for Bt314-bn loan
Play
The Water and Flood Management Commission is seeking the Cabinet's nod for a Bt314.34 billion loan after completing the selection of four firms to develop the country's water and flood management projects.
The four winners are ITD-Powerchina JV, Korea Water Resources Corporation, Loxley-AGT and Summit SUT.
Out of the Bt314.34-billion budget, Bt291 billion will be spent on design and construction of the water and flood management system as a long-term solution to future potential flood disaster risk and Bt10 billion for reforestation and the preservation of forests and soil as approved by the Cabinet on April 9.
Next, Bt8.73 billion will be used to engage a project management and engineering consultant and a project supervision consultant for five years as approved by the Cabinet on March 19.
Finally Bt4.61 million will be spent on support plans for the water and flood management system on a long-term basis, as well as a system to tackle future natural disasters in Thailand.
