Govt loans B8.5bn for regional roads

Thailand plans to grant 8.5-billion-baht in loans next year to Myanmar, Laos and Cambodia to build four new transnational roads under the Asean Connectivity initiative.

The cabinet will be asked to give approval for the infrastructure development. Observers say the fast-growing economies of Myanmar and Cambodia are not burdened with huge debts and should suit such an initiative.

“The interest rate for each road project is fixed at only 0.1%,” Perames Vudthitornetiraks, chief of the Neighbouring Countries Economic Development Cooperation Agency, said, adding Bangkok wants the projects to help boost the Great Mekong Subregion.

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