BANGKOK, Aug 24 (TNA) – Thailand and Cambodia cooperate to upgrade the Road No.67 to boost trade, investment and tourism between the two countries.
Mr. Perames Vudthitornetiraks, President of Neighbouring Countries Economic Development Cooperation Agency (NEDA) said that the Thai Cabinet agreed on Aug 23, 2022 that the Thai government and the Cambodian counterpart cooperate to improve the National Road No.67 (NR67), linking Chong Sa-Ngam in Sisaket’s Phu Sing district of Thailand and Cambodia’s Anlong Veng in Oddar Meanchey, which can connect to Siem Reap, the major tourist destination in Cambodia.
The project will increase the capacity of NR67 to serve more traffic and will help stimulate economy. It will also develop transport links between Cambodian major’s cities and facilitate transportation along the Southern Economic Corridor (SEC) under the framework of the economic cooperation in Greater Mekong Sub-region (GMS).
Moreover, it will build seamless connectivity with Thailand’s Eastern Economic Corridor (EEC), increase competitiveness and facilitate regional trade and investment.
It also highlights Thailand’s role in promoting development in the sub-region and increasing opportunities in expansion of trade, investment and tourism. More importantly, it will support Thai entrepreneurs to expand their businesses to the neighbouring country.
In accordance with the Cabinet’s resolution, NEDA has granted a soft loan of 983 million baht to finance the NR 67 development project on the condition that the project uses material supply and equipment from Thailand no less than 50% of the loan amount. In addition, contractors and construction supervision companies must be of Thai nationality. The construction will take about two years. (TNA)
