Water project loan 'on track'
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The Finance Ministry expects that a Bt340-billion loan can be secured by June to fund Bt30 billion to Bt40 billion worth of water-resource-management projects this year and Bt100 billion next year.
The total loan will have to be used within three years.
Finance permanent secretary Areepong Bhoocha-oom said the Debt Management Office had drawn up the financing plan and would sign a contract with financial institutions to lock in the funds.
“That will not raise our costs, as we will inform the financial institutions of our expenditure schedule,” he said.
The ministry is waiting for the details of the investment projects from the government committee responsible for designing and implementing the scheme.
The projects are expected to win approval and be tendered by next month.
The Nation
