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Thailand's Treasury Department Launches New Land Project.

Bangkok Post (Bangkok, Thailand)

| April 01, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Kanana Katharangsiporn

Apr. 1--The Treasury Department will set up an asset management company to manage 250-rai of land in Chaeng Watthana area this year, said Jeerapa Oummanusechart, director of the department's state property strategic planning section.

The new company would receive a 30-year leasing right to manage the treasury land from 2008 to 2037, she said yesterday at a local seminar.

The department plans to propose this project to the cabinet in the next meeting. Operations could begin as early as next year.

The company, Thanarak Pattana Sinsap, is to be set up as a state enterprise owned by the Finance Ministry and ...

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