Thai Cabinet oks borrowing $68bn for megaprojects

Thailand\'s Cabinet has approved a plan to borrow $67.6 billion to build high-speed train lines, ports and other infrastructure over the next seven years. Prime Minister Yingluck Shinawatra said the bill approved by Cabinet ministers Tuesday will allow the government to borrow the funds in Thailand and overseas without going through the annual government budget process. She said this will ensure the infrastructure plans aren\'t delayed and will give investors confidence in the projects, according to a report of the Associated Press. \"By issuing of the borrowing bill, private investors can plan their investment to develop infrastructure in the provinces more confidently,\" Yingluck told reporters.