Page 74 - Annual Report 2552

PDMO PUBLIC DEBT

MANAGEMENT
OFFICE

V) PPPs as a source of fund

PPPs is a new innovation, opening for private enterprises to join with public sectors in infrastructure
development. It can begin with business plans, construction and operation plans on how to develop, build

and operate the projects. The necessary principle can be concluded as follows:
(1) emphasis on output-based contracts between public and private parties
(2) risk sharing in project development between two parties: government and private enterprises

(3) lessen the government and private burdens in providing public services

(4) lessen the government burden on self-financing, not be public debts
(5) fine or cancellation will be applied if there is any breach of contract
(6) asset transfers will be applied at the end of contract or according to the contract

In Thailand, PPPs concept concentrates on the right of “own or built” such as BTO (Built-Transfer-
Operate) BOT (Built-Operate-Transfer) BOOT (Built-Own-Operate-Transfer). To implement PPP project’s
efficiency, the main contents for discussion are exemplified: in which party will invest (public or private),

value for money (VfM), risk allocation such as timeline of projects, risk coverage, impact on such risks,

and responsible persons. To update the PPPs law, Comptroller General Department has currently revised
PPPs act B.E. 2535. Regarding the priority sectors as pilot projects, it has not been finalised yet but high
possibility sectors has been determined such as logistics, water resources, healthcare, education and

miscellaneous (housing, conventional hall).

Conclusion

Formulating feasible financing sources is one of PDMO key operations to support the government
policies in accordance to the forth strategy: Strategic Project Financing to support sustainable economic

and social development. This strategy aims at stimulating economic growth via project procurement and
employment. In addition, to achieve the concrete outcomes, it also requires proper project screening,
project administration, clear regulations, and project monitoring. Overall, SP2 played a key role in jobs

creation, income distribution which in turn led to increase in economic growth.

รายงานประจำาปี 2552 ANNUAL REPORT 2009 73