Thailand paves way for new infrastructure funding

The junta government aims to raise $1.4 billion from an initial public offering of a toll road-backed infrastructure fund, creating a new way to raise capital for infrastructure development.

Thailand paves way for new infrastructure funding

The government of Thailand on Tuesday kicked off the retail bookbuild to raise as much as Bt44.7 billion $1.4 billion by selling part of its concession rights in two major expressways. If successful, it could serve as a template for how to raise capital for infrastructure development.

The initial public offering of Thailand Future Fund will be the first attempt by the government to monetise its toll road assets through selling stakes to both institutional...

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