Government ponders housing project for the poor under PPP format

The government is considering incorporating cheap housing project for the poor in accordance with the Pracharath principle into the private-public-partnership (PPP) fast-track project, Deputy Prime Minister Somkid Chatusripitak said Thursday.

If the poor people have houses of their own, their livelihood will improve, said the deputy prime minister who, however, admitted that he felt disappointed with the lackluster response in the past year of the real estate developers to the government's plea for their cooperation under the Pracharath principle.

Since the government itself cannot afford financially to provide housing to the poor, Dr Somkid said the government needs to mobilize fund from the private sector through the PPP programme.

He noted that the Pracharath principle would be able to address the country's various problems because the government itself could not solve all the problems by itself.

Meanwhile, Mr Prateep Tangmatitham, chairman of Supalai Company, a real estate developer, voiced his support for cheap housing project for the poor being pondered by the government, but he suggested that all governmental agencies should help by keeping the costs of the project at reasonable level, for instance lowering certain business taxes.

Source: Thai Public Broadcasting Service (Thai PBS)