Thailand aims to forge a new path
HUA HIN, THAILAND: Thailand wants to tap China’s $15 billion (R112bn) Southeast Asian infrastructure loan programme to build an ambitious network of highways linking parts of Thailand, Vietnam, Myanmar and China, a Thai official said.
The proposed road will link the Vietnamese city of Danang to Myanmar’s sea port of Moulmein, passing through Thailand. It would also link Thailand’s western province of Kanchanaburi to Myanmar’s port of Tavoy and provide a route from Yunnan province via Bangkok to Singapore.
“The Chinese minister reaffirmed that the Association for Southeast Asian Nations (ASEAN)-China Loan Programme can be used for the construction of the logistical highway network of Asean member countries,” the statement said.
The idea was discussed when Chinese Commerce Minister Chen Deming met his Thai counterpart Porntiva Nakasai at the 16-nation East Asia summit here recently.
China is separately establishing a $10bn China-Asean Investment Co-operation Fund, to support private infrastructure, energy projects in Asean and technical cooperation between China and Asean, a statement said. – Reuters