The uncertain political climate surrounding Thailand - following Prime Minister Thaksin Shinawatra's unscheduled departure in early April - has put on hold an ambitious infrastructure program, of which securitization was to be an important component. However, there is still some expected ABS activity involving state development company Dhanarak.

Acting Prime Minister Chidchai Wanasathitya said last week that bidding for project contracts - focusing heavily on improving Thailand's transport and communication systems - has been suspended until further notice. Local analysts say no contracts are likely to be awarded until the second half of 2007, delaying the start of development until 2008.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.