An Infrastructure Trust is a fund mobilizing tool for investments in infrastructure projects that benefit the public on a large scale both in Thailand and abroad, such as rail or pipeline transportation systems, electricity, water supply, roads, expressways or concession routes, airports or airfields, deep-sea ports, telecommunication or infrastructure in information technology and communication, alternative energy, water management or irrigation system, natural disaster prevention system, waste management, and interconnected infrastructure businesses that support one another for the benefit of the same or nearby communities.
An Infrastructure Trust is one of the funding options for the public and private sectors in addition to listing a company on the stock exchange or seeking loans from financial institutions. Companies can raise funds through their infrastructure projects to keep developing the projects on proper budgets and by using the assets in the infrastructure projects and the ability to generate profits as fund-raising tools. The trust can use the raised funds to invest in both completed and revenue-generating projects (Brownfield Project) and incomplete projects (Greenfield Project).
|A trust for investment in infrastructure
|The trust must invest in infrastructure projects for ≥ 75% of the total asset value
|Types of investments
|There are two types of investments;
|Investment in Greenfield Project
|Offer and allocation
|Trust Manager who has the required qualifications
|Restrictions for unit holdings of any person or a common person group
|< 50% of the total trust units of each tranche (if any)
|> 90% of adjusted net profit
|Must be prepared in accordance with Thailand accounting standards and audited by SEC approved auditors
(1) A high net worth investor refers to someone who makes an initial unit purchase of at least THB10 million or whose total unit value, including additionally acquired and existing units, is ≥ THB10 million.
|Infrastructure that benefits the public on a large scale in Thailand or abroad
|Infrastructure that benefits the public on a large scale in Thailand
|≥ THB 10,000 million
|≥ THB 2,000 million
|No tax privilege
|Tax privileges (up to 10 years dividend tax exemption for individuals)
|Unit trust refers to the trust certificate that bears entitlement of the holder in receiving benefits from trust as specified by SEC rules.