Thailand to Invest About $13 Billion for Water Management System and Flood Insurance

January 30, 2012 (By Oryza News)
 

 

In an effort to improve rice output in the country, Thailand has announced that it will invest over 150 billion baht (about $4.8 billion) in water management infrastructure programs over the next 12 months.
 
The country’s deputy premier said a total of over 350 billion baht (about $11.1 billion) would be invested in water management programs, out of which work on the Chao Phraya and eight subsidiary river basins would cost 300 billion baht (about $9.5 billion). The remaining 50 billion (about $1.6 billion) will be utilized to improve infrastructure on 17 other river basins in Thailand.
 
The country has also announced that a 50-billion-baht (about $1.6 billion) insurance fund will be created to help provide flood insurance people and businesses. The country’s rice exports came to a near standstill and several thousand tons of paddy was lost after heavy floods ravaged Thailand late last year. 
 
 
Source: http://oryza.com