Thailand and Cambodia sign agreement on road improvement project
Thailand and Cambodia signed a loan agreement to fund the upgrading of a section of border road from Siem Riep to Anlong Veng and Choam/Sa Ngam on National Road No. 67 in Cambodia.
Perames Vudthitornetiraks, President of Neighboring Countries Economic Development Cooperation Agency (NEDA), signed the agreement with Vongsey Vissoth, Minister to the Prime Minister and Under-Secretary at the Ministry of Economy and Finance of Cambodia, at the Ministry of Economy and Finance in Phnom Penh on November 4.
The road improvement project aimed to support border trade as well as bilateral freight transport, investment and tourism.
National Route No. 67 facilitates transportation in Phnom Penh, Siem Reap and Banteay Meanchey via Highway 6. It also supports Cambodia’s road connection with Thailand and Vietnam along the Southern Economic Corridor (SEC) of the Greater Mekong Subregion Economic Cooperation Program and the NR5 section of Asian Highway 1 (AH1).
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. Also, contractors and building control firms must be of Thai nationality. Construction will take about two years. (TNA)