Phradon: Loan Decree Allows 200B Baht for Thai Chuay Thai Plus

MGR Online•Politics•1d ago

Reader Briefing

Phradon Prisnananthakul stated that the loan decree does not prohibit using the second 200 billion baht tranche to extend the Thai Chuay Thai Plus Phase 2 project.

•Phradon Prisnananthakul addressed the potential extension of the Thai Chuay Thai Plus Phase 2 project on September 15.
•The Ministry of Finance is tasked with deciding the appropriateness of the project extension.
•Phradon Prisnananthakul confirmed the loan decree does not forbid using the second 200 billion baht fund tranche if needed.

Overview

•On September 15, Phradon Prisnananthakul discussed the loan decree and the Thai Chuay Thai Plus Phase 2 project.
•Phradon Prisnananthakul stated the loan decree does not contain a prohibition against using the latter 200 billion baht for the project extension.
•The Ministry of Finance and the economic team, including Ekniti Nitithanprapas, are evaluating the appropriateness of the situation.
•If the Ministry of Finance deems the extension appropriate, the Ministry of Finance will submit the matter to the committee.
•Following committee approval, the matter will be presented to the Cabinet.
•Phradon Prisnananthakul noted that the first 200 billion baht of the loan has not yet been exhausted.
•Phradon Prisnananthakul mentioned that whether the remaining 40-50 billion baht is sufficient depends on the Ministry of Finance's model regarding the number of rights, amount, and duration.

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Key Entities

Person

Phradon Prisnananthakul(ภราดร ปริศนานันทกุล)

Minister attached to the Prime Minister's Office.

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาส)ℹ️

Deputy Prime Minister and Minister of Finance.

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The ministry responsible for deciding the appropriateness and details of the project extension.

Cabinet(คณะรัฐมนตรี)

The body that will review the project extension after it is approved by the committee.

Law

Loan Decree(พ.ร.ก.กู้เงินฯ)

The emergency decree governing the borrowing of funds, which does not prohibit the use of the second 200 billion baht tranche for the project.

Policy

Thai Chuay Thai Plus Phase 2(ไทยช่วยไทยพลัส เฟส 2)

A project being considered for an extension using loan funds.