CrazyExpat Posted January 28, 2015 Report Share Posted January 28, 2015 Thailand’s military-backed government is looking to boost the country's ailing economy with a more than $100-billion infrastructure spending program that includes upgrading the national rail network and opening links to Southern China. The Thai government's plans to upgrade the national railway system follow years of financial neglect. The goal is to revive Thailand’s place in a trans-Asian railway network running south to north, from Singapore to Kunming in southern China, and west to east, from Yangon, Myanmar, to Ho Chi Minh City in southern Vietnam. The spending program has been part of the government’s bid to lift a stagnating economy after almost zero growth in 2014. Analysts forecast an expansion of slightly more than 3 percent this year. A weak domestic economy and an uncertain international market have undermined exports -- Thailand’s traditional economic driver of past decades. http://www.voanews.com/content/thailand-initiates-100-billion-dollar-infrastructure-spending-rail-network/2615283.html Link to comment Share on other sites More sharing options...
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