Currency and Interest Rate Outlook slide image

Currency and Interest Rate Outlook

k KASIKORNTHAI ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK Projections on Budget Disbursement of Public Transport Infrastructure Investment As the COVID-19 situation intensifies and is still highly uncertain, budget disbursements in 2021 are revised down and deferred to 2022-2024 on the view that the situation would not be worsen in coming years. Budget disbursements in 2022-2024 will be driven by mega-projects in EEC such as High-Speed Rail Linking 3 Airports, Map Ta Phut phase 3. Investment Disbursement Schedule (FY2016-2030)* Notes: Billion Baht 400 350 352.0 324.4 322.4 309.9 300 250 200 250.5 222.9 175.1 I 156.8 250.5 148.3 145.7 150 100 65.1 50 36.8 24.5 19.1 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Thai government's fiscal year (FY) begins on 1 October and ends on 30 September of the following year - Due to 1 month lockdown period start from 28 June 2021 - 28 July 2021 investment are expected to be deferred to 2022-2023. - Projects that were delayed or terminated by Cabinet are not included - The budget of Bt1.91trn referring "Thailand strategic development of transport infrastructure 2015 to 2022 master plan" are excluded High-speed rails (Bt637.3bn) and Suvarnabhumi airport (Bt104.4bn), but our estimation include both of these projects Source: Office of Transport and Traffic Policy and Planning (Thailand strategic development of transport infrastructure 2015 to 2022) Note: *KResearch projected as of July 2021 บริการทุกระดับประทับใจ K ธนาคารกสิกรไทย 开泰银行 KASIKORNBANK KASIKORNTHAI On-going highlight projects under construction in 2021* Projects under construction Lop Buri - Pak Nam Pho Bang Yai- Kanchanaburi Motorway Jira Junction - Khon Kaen Mabkabao Jira Junction Bang-Pa-In-Nakhon Ratchasima Motorway Bangkok-Nakhon Ratchasima Bang Suê – Rangsit Lad Prao Samrong Nakhon Pathom-Hua Hin Suvarnabhumi Airport (Phase II) Thailand Cultural Center- Min Buri Hua Hin - Prachuap Khiri Khan Prachuap Khiri Khan... Chumphon Khae Rai Min Buri Dual-Track Train Mass-Transit System and Commuter Train High Speed Train Airport Motorway Single Rail Transfer Operator Intermodal Facility Projects under construction Expected completion year Note Air Transport: Suvarnabhumi Airport Phase 2021 2 90% in progress Expected completion year Note Motorways: Bang Pa In-Nakhon Ratchasima 2021 95% in progress (M6) Bang Yai-Kanchanaburi (M81) 2023 Projects under construction Expected completion year 50% in progress Note High Speed Rails: Thailand-Chinese (Bangkok-Nakhon Ratchasima) 2027 Projects under construction Expected completion year Contract lots 3-2 to 4-7**, worth Bt40,275mn are under construction.. New contract. lots worth Bt27,527mn are signed (4-3, 4-4 and 4-6) which expected to start construction in late 2021 Note Mass-Transit System and Commuter Rail Lines: Yellow line (Lad Prao-Sam Rong) Orange line (Thailand cultural center-Min Buri) 2021 65% in progress 2023 76% in progress Pink line (Khae Rai-Min Buri) 2021 70% in progress Projects under construction Expected Note completion year Dual-Track Railways: Nakhon Pathom-Hua Hin 2021 70% in progress Hua Hin-Prachuap Khiri Khan 2021 50% in progress Lop Buri-Pak Nam Pho 2021 55% in progress MabKabao-Jira Junction Prachuap Khiri Khan-Choom Porn 2021 75% in progress 2021 60% in progress Source Ministry of Transport and KResearch (July 2021) Notes: Projects that visibly have construction progress on-site or have been stated in official documents that it had been constructed *There are currently 30 projects under construction. For the purpose of visualization, only highlight projects are shown in this presentation **Contract lots are 3-2, 3-3, 3-4, 3-5, 4-7 which have construction disbursement of Bt40,275mn and 1080 construction days บริการทุกระดับประทับใจ 138 137
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