Business leaders are excited about the "Strong Thailand" policy, but need convincing that the government can proceed with the investment projects as planned.
"Now, we're waiting to see if the projects will be materialised, as we need to draw up a raw-material import plan," Santi Charnkorawee, president of Tata Steel, said yesterday.
The Bt1.4 trillion stimulus package would create demand for 1 million tonnes of steel, he said.
The stimulus projects, for which the bidding process is expected to start this month, are a little too slow in coming, as the steel price has risen from Bt16,000 per tonne early this year to Bt19,000-Bt20,000 now, he said. The government should set up a special unit to oversee the awarding of contracts, to ensure it moves speedily, he added.
Vallop Rungkijvorasathien, president of Sino-Thai Engineering and Construction, said that all construction companies, which have suffered from the disappearance of state projects for some time, are ready to tender for the jobs.
"The package is a hope to all companies, but we're concerned with the procurement process," he said. Out of the total budget, construction firms are aiming at Bt700 billion from logistics, irrigation and energy projects, he added.
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