Japan vows to fund MRT extension

Prime Minister of Japan showed that he and a group of Japanese companies are preparing a financial package which will be invested in the expansion of Bangkok MRT subway station and several other Thai investment opportunities.

Thai Prime Samak Sundaravej emerged that Hideaki Kobayashi, Japanese Ambassador to Thailand property, Thailand said that the return to democracy and political stability, trigger a wave of Japanese investors.

According to the newspaper Bangkok Post, Ambassador brought 20 - a strong team of Japanese leaders during a meeting with Mr. Samak to discuss, among other issues, Bt165bln investment needs in Thailand property five major railway projects. According to Kobayashi, Japan Bank for International Cooperation (JBIC) was ready to invest in Thailand property, transport infrastructure, at rates of 1.4 percent.