Cabinet to Cut Financial Cost for for BKK-Nongkai Thai-China Railway Project.
Unlocked Finance Ministry Able to Source Foreign Loan Thai-China Railway Project.
8-1-2019—Today Mr.Puttipong Poonnakant Government Spokesman disclosed after cabinet meeting that by the reason that the situation of global interest rate was changed, in order to cut the financial cost of Bangkok-Nongkai Thai-China railway project, cabinet today approved unlocking Finance Ministry to be able to lend also the loan from foreign financial institute by amending the cabinet agreement on
11 July 2017 enforced Finance Ministry to lend only the loan from local financial institute to provide the loan for State Railway Authority of Thailand to spend on the Bangkok-Nongkai railway project cost is about 179.41 billion Baht.
“Now the 20 years loan interest rate offer by Thai local financial institute is about 2.86% while China Exim Bank offer about 2.3% as of December 2018” according to Mr.Nattaporn Jatusripitak refer to the data of the expert from Office of Public Debt Management, Ministry of Finance.
