Thailand has selected four winners for water management projects worth around 290 billion Thai baht ($9.5 billion) aimed at preventing a repeat of devastating floods in late 2011.

The flooding cut Thailand’s economic growth to just 0.1 percent in 2011 but the water projects and other infrastructure work are expected to drive the economy in the next few years.

The government had managed to push prices down by a combined 6.1 billion baht from the original offers without breaking down where the savings came.

Picture: http://english.kbs.co.kr/news/news_view.html?No=96478&id=Ec

Read more: http://www.reuters.com/article/2013/06/18/thailand-economy-projects-idUSL3N0EU17820130618