The government’s plan to invest as much as US$60bn to develop various infrastructure projects in the next five years will help boost results of listed construction companies and smaller players that will soon make their debut in the Stock Exchange of Thailand.
Shares of many developers and related business such as Siam Cement Plc (SCC), Siam City Cement Plc (SCCC), Italian-Thai Development Plc (ITD) and Ch Karnchang Plc (CK) are expected to directly benefit from the investment plan.
The Cabinet had approved the construction plan of elevated train, underground train and high-speed train at US$12 billion of total costs.
In addition, the New Bangkok International Airport worth US$6.75 billion, which expected to open next year, will also help construction firms. Moreover, the country also plans to spend about US$40 billion for the construction of duo-track train, gas pipeline and power transmission network and houses for the poor.
According to the National Economic and Social Development Board (NESDB), the total value of infrastructure projects will be worth over 1.2 trillion baht over the next 10 years. These will comprise mainly road, rail, and mass transit systems projects.
The majority of these projects will commence within the next five years.