Wednesday, November 9, 2011

Action not words will restore confidence: Kittiratt

The Nation November 9, 2011 11:15 am
The government will take prompt action in preventing a repeat of the catastrophic flooding, Deputy Prime Minister Kittiratt Na-Ranong said on Wednesday.

"The only way to restore investors' confidence is to act instead of talking," he said.

Kittiratt said the two strategic committees tasked with preventing future flooding would convene in the next few days.

The two - the Strategic Committee for Reconstruction and Future Development (SCRF) and the Strategic Committee for Water Resources Management (SCWRM) - will closely work together to overcome the flooding, he said.

The SCRF is headed by Virabongsa Ramangkura, he said, adding that the SCWRM is led by Prime Minister Yingluck Shinawatra who will delegate him to chair the meeting on her behalf.

In order to improve water management, the SCWRM will involve foreign consultants, particularly those from Japan and the Netherlands, he said.

The government is expected to finance the overhaul of water management by either issuing treasury bonds or borrowing from international financial institutions such as the World Bank and the Asian Development Bank, he said.
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