Thailand plans to raise infrastructure fund worth USD 1.5 bln

Friday 6 July 2018 10:16 CET | News

Thailand has announced setting up an infrastructure fund worth THB 50 billion (USD 1.5 billion) in 2019, following the launch of Thailand Future Fund.

The fund due this year, expected to have assets of about THB 45 billion, is likely to attract strong demand from the public given it offers potential annual returns of about 5 percent. The Future Fund was due for an initial public offering by March last year under an earlier timeline.

The project is one element of the Thai military government’s infrastructure agenda to bolster economic expansion. The pace of project implementation is a key challenge. The fund planned for next year will also finance highway construction. Thailand’s 19-member SET Construction Services Index had declined about 29% over the past year, despite the government’s focus on infrastructure, in a sign that investors are awaiting an uptick in implementation.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Thailand, infrastructure fund, funding, Thailand Future Fund, initial public offering, economic expansion
Countries: World

Industry Events