Japan vows to fund MRT extension

The Prime Minister of Japan has revealed that he and a group of Japanese businesses are preparing a financial package which will be ploughed into the extension of the Bangkok MRT subway station and a number of other Thailand property investment opportunities.

Thai Premier Samak Sundaravej revealed that Hideaki Kobayashi, the Japanese ambassador to Thailand property, said that Thailand´s return to democracy and political stability will trigger a wave of Japanese investors.

According to The Bangkok property Post, the ambassador brought a 20-strong team of Japanese executives to a meeting with Samak to discuss, among other issues, the Bt165bln investment requirements of Thailand´s property five major rail projects. According to Kobayashi, the Japan Bank for International Co-operation (JBIC) was ready to invest in Thailand´s transport infrastructure at rates as low as 1.4 per cent.