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Suvarnabhumi » JBIC interested in giving 5.6 Billion Baht loan for Suvarnabhumi Airport extension

Sunday, July 20th, 2008

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The Japan Bank for International Cooperation (JBIC) affirmed on Friday it was ready to grant a Bt700 billion loan to finance Thailand’s mega projects.

Speaking after talking to a senior JBIC official, Transport Minister Santi Prompat said the Japanese agency would grant a loan for nine electric train extention routes.

Other countries have also shown interested in extending loans for the Thai government’s mega projects, he said, adding that the Ministry of Finance would accept loans from the source giving the best offer.

JBIC is also interested in giving Bt5.6 billion in loans to the Thai government for the second-phase of construction at Suvarnabhumi international airport.

The Airports of Thailand Public Company Limited (AOT) plans an extension to beginning later this year to serve a rising number of passengers using the Suvarnabhumi terminal.

The final decision rests with the new AOT board to be announced March 14.

Mr. Santi said beside seeking loans from JBIC, AOT might issue new shares to finance the airport extension project.

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