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The investment plan, which starts this year,
will help boost the economy by strengthening investment,
employment, transportation and tourism, deputy government
spokesman Colonel Sansern Kaewkamnerd told reporters after a
cabinet meeting.
The plan will cut the country's logistics costs to 2 percent in
2027 from 14.4 percent currently, he added.
The plan will be funded from the annual budget, borrowings,
state enterprises' revenues and public private partnerships,
Sansern said.
The army seized power in a coup last May to end months of
political tension, but has struggled to revive the domestic
economy as exports remain weak and domestic demand sluggish.
Thailand's economy, Southeast Asia's second largest, grew only
0.7 percent last year. This year, the government expects 4
percent growth, driven by public spending.
(Reporting by Aukkarapon Niyomyat; Writing by Orathai Sriring;
Editing by Jeremy Laurence)
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