Bangkok (VNA) –Thailand plans to provide 8.5 billion THB (over 281.6 million USD), in loans next year for Myanmar, Laos andCambodia to build four new transnational roads underthe ASEAN Connectivity initiative, reported the Bangkok Post.
The infrastructure development plan will be submitted tothe Thai cabinet for approval. Observerssaid the fast-growing economies of Myanmar and Cambodia are not burdened withhuge debts and should suit such an initiative.
Theinterest rate for each road project is fixed at only 0.1 percent, said Perames Vudthitornetiraks, chief of theNeighbouring Countries Economic Development Cooperation Agency, adding Bangkokwants the projects to help boost the Great Mekong Subregion.
InMyanmar, a 138-kilometre road, worth 4 billion THB, will be built to link the Dawei special economiczone with Namphu Ron in Kanchanaburi of Thailand. TheMyanmar government is keen on developing this route, Perames said.
NayPyi Taw hopes to use this road as a linkage between Thailand and countriesaround Bengal under the Bay of Bengal Initiative Multi-Sectoral Technical andEconomic Cooperation (BIMSTEC) via its Dawei deep seaport.
Bangkokalso sees Kanchanaburi as an important gateway to Myanmar. It is currentlybuilding a new 96-km motorway connecting Nonthaburi's Bang Yai district to itswestern province.
Anotherof the loans, worth 1.2 billion THB, will be for Cambodia to build a 131-km road from Thailandto Cambodia. The route will pass through key areas in Cambodia, including Anlong Veng district and Siem Reapprovince.
The Thai government also plans to finance the constructionof a fifth Thai-Lao Friendship Bridge, linking Bueng Kan, the northeasternprovince in Thailand, and Bolikhamsai province in Laos.
About1.3 billion THB will be spent to build a section of the bridge onthe Laos side.
Anotherroad project in Laos is the 2-billion-THB construction of a 147-km road, which will start in Nakhon Phanom, run throughthe city of Thakhek and go further to the Vietnamese capital of Hanoi./.
The infrastructure development plan will be submitted tothe Thai cabinet for approval. Observerssaid the fast-growing economies of Myanmar and Cambodia are not burdened withhuge debts and should suit such an initiative.
Theinterest rate for each road project is fixed at only 0.1 percent, said Perames Vudthitornetiraks, chief of theNeighbouring Countries Economic Development Cooperation Agency, adding Bangkokwants the projects to help boost the Great Mekong Subregion.
InMyanmar, a 138-kilometre road, worth 4 billion THB, will be built to link the Dawei special economiczone with Namphu Ron in Kanchanaburi of Thailand. TheMyanmar government is keen on developing this route, Perames said.
NayPyi Taw hopes to use this road as a linkage between Thailand and countriesaround Bengal under the Bay of Bengal Initiative Multi-Sectoral Technical andEconomic Cooperation (BIMSTEC) via its Dawei deep seaport.
Bangkokalso sees Kanchanaburi as an important gateway to Myanmar. It is currentlybuilding a new 96-km motorway connecting Nonthaburi's Bang Yai district to itswestern province.
Anotherof the loans, worth 1.2 billion THB, will be for Cambodia to build a 131-km road from Thailandto Cambodia. The route will pass through key areas in Cambodia, including Anlong Veng district and Siem Reapprovince.
The Thai government also plans to finance the constructionof a fifth Thai-Lao Friendship Bridge, linking Bueng Kan, the northeasternprovince in Thailand, and Bolikhamsai province in Laos.
About1.3 billion THB will be spent to build a section of the bridge onthe Laos side.
Anotherroad project in Laos is the 2-billion-THB construction of a 147-km road, which will start in Nakhon Phanom, run throughthe city of Thakhek and go further to the Vietnamese capital of Hanoi./.
VNA
