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Thai University to Seek Investors to Help Finish Development Project.
Byline: Krissana Parnsoonthorn
May 2--The suspended Chula Hi-Tech Square project near the Samyan intersection on Rama IV Road is expected to get the green light from Chulalongkorn University for a revival this year.
The university plans to spend 200 million baht from its own budget to develop part of the project itself. About 100 million baht will be tapped from the university budget each year, starting from the next fiscal year on Oct 1.
"We don't want to see our asset depreciate by the day. We will make it lively before inviting others to co-invest with us," said Watana Sivakua, the university's vice-president for property and finance.
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Source: HighBeam Research, Thai University to Seek Investors to Help Finish Development Project.