Two trillion baht is a lot of money. It can buy about 17 Suvarnabhumi airports. Even spread over a period of seven years, which is what the government is proposing, it still amounts to spending of about 280 billion baht a year. That would be enough to buy another nine Red Line electric train routes, at an estimated 30 billion baht per line.
Prime Minister Yingluck Shinawatra surprised critics of her public speaking skills when she took firm control during an event to unveil national strategy early last week. Speaking solo for a couple of hours, Ms Yingluck delineated where the country stands and where it will be heading over the next five years.
What the PM said hit home. Thailand has lost its competitiveness compared to other countries in the region because we stopped investing in infrastructure many years ago _ when the political problems flared up in 2006 actually. The IMD World Competitive Yearbook showed that Thailand has dropped from No.27 in 2011 to No.30 in 2012, several points below Malaysia and almost in a different league entirely to Singapore.
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