The Application of Public-Private Partnerships in Thai Public Construction Projects

Abstract

Investment in infrastructure is regarded as a crucial factor in driving Thailand’s economic and social development. However, due to the government’s budgetary constraints, Public-Private Partnership (PPP) has become an essential alternative for developing efficient and sustainable infrastructure. Thailand has adopted the PPP system since 1987 and has continuously revised related laws and processes to align with the demands of large-scale infrastructure development. In this academic article, the author will present: 1) The fundamental concepts of PPP and its models are applied in the construction sector 2) The current situation of PPP implementation in Thai public construction projects 3) relevant laws and policies 4) challenges in applying PPP, and 5) strategies to enhance and develop the PPP system to ensure its effectiveness and suitability within the Thai context. The knowledge gained from this article can serve as a guideline for designing and implementing effective PPP projects. It will help both the public and private sectors to understand appropriate forms of collaboration, ensure fair risk allocation, and establish a transparent and sustainable framework. Ultimately, this will contribute to the development of infrastructure that meets the needs of the people and supports the nation’s economy.