Thailand and Cambodia are jointly expanding Road No. 67 to boost trade and tourism
Thailand and Cambodia are cooperating on upgrading Road No. 67 to boost trade, investment and tourism between the two countries.
Mr Perames Vudthitornetiraks, President of the Neighboring Countries Economic Development Cooperation Agency (NEDA), said that on August 23, 2022, the Thai cabinet agreed that the Thai government and its Cambodian counterpart would work together to open National Road No. 67 (NR67). improve, the Chong connects Sa-Ngam in Phu Sing district in Sisaket in Thailand and Anlong Veng in Cambodia in Oddar Meanchey, which can be connected to Siem Reap, the main tourist destination in Cambodia.
The project will increase the capacity of the NR67 to service more traffic and will help boost the economy. It will also develop transport links between Cambodia’s major cities and facilitate transportation along the Southern Economic Corridor (SEC) as part of Greater Mekong Sub-region (GMS) economic cooperation.
In addition, it will establish a seamless connection with Thailand’s Eastern Economic Corridor (EEC), boosting competitiveness and facilitating regional trade and investment.
It also highlights Thailand’s role in promoting development in the sub-region and increasing opportunities for expanding trade, investment and tourism. More importantly, it supports Thai entrepreneurs to expand their businesses to the neighboring country.
In accordance with the cabinet decision, NEDA has granted a 983 million baht soft loan to fund the NR 67 development project on condition that the project uses supplies of materials and equipment from Thailand for at least 50% of the loan amount. In addition, contractors and building control companies must be of Thai nationality. Construction will take about two years. (TNA)