Ramathibodi Senior Complex Project Faces Cost Surge Amid Delays
The Treasury Department is awaiting a cabinet decision to revise the budget for the long-delayed Senior Complex project, which has seen construction costs rise by up to 30%.
According to a report by Thai Post, the Treasury Department (ธพส.) is closely monitoring the progress of the Ramathibodi Senior Complex project. The initiative, which has faced significant delays spanning over a decade, is now experiencing a 20% to 30% increase in construction costs due to the prolonged timeline. The Treasury Department is currently waiting for Ramathibodi Hospital to submit a proposal to the Cabinet to review and adjust the project's investment budget. Officials have stated that if the Cabinet approves the revised budget, construction can commence immediately. If the project proceeds according to the updated plan, it is expected to be operational by 2030. This facility is intended to support Thailand's aging society and the growing 'Silver Economy.' For residents and long-term visitors, this project represents a significant infrastructure development aimed at enhancing healthcare services for the elderly. However, the project's future remains contingent on the upcoming Cabinet decision regarding the budget adjustment. Stakeholders are now watching for the formal submission from the hospital to determine if the project will finally move forward after years of stagnation.
