Apart from the rice-pledging scheme which has cost the country more than 700 billion baht, the Pheu Thai government is also under fire for two planned megaprojects. One is the 2-trillion-baht loan to overhaul the country's infrastructure, which is now being debated in parliament. The other is the 350-billion-baht water management scheme.
All of them have huge problems with regard to transparency and public accountability. The secrecy over the rice-pledging scheme has created widespread public suspicion about large-scale corruption. The same with the 2-trillion-baht infrastructure scheme.
As has become clear from parliamentary debates, the opposition Democrat Party agrees with Pheu Thai on the urgent need to upgrade the country's transport infrastructure. The question, however, is how to do it cost-effectively and transparently to prevent graft and protect taxpayers who have to pay the bills for the next 50 years.
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