News Forum - Thailand lends Cambodia 983 million baht for road project

[Thaiger]

The Thai Cabinet approved a 983 million baht loan for Cambodia to improve its roads on condition they use construction materials and advisory engineers from Thailand. The Deputy Spokesperson of the PM Office, Trisuree Trisaranakun, reported yesterday that the Cabinet agreed to support Cambodia’s road repair project. The enterprise would improve the NR67 Road, which connects Siem Reap province with Anlong Veng, and Chong Sangam districts in Oddar Meanchey in Cambodia and joins the kingdom with Thailand through the northeastern province of Si Saket. The Cabinet approved the 983 million baht loan for the three-year road project slated for 2024 […]

The story Thailand lends Cambodia 983 million baht for road project as seen on Thaiger News.

Read the full story

[Giltee]

Good to see Thailand helping out while making the loan beneficial to Thai workers. Much more beneficial to Cambodia than the B&R trap

[HolyCowCm]

And where did they dig up the cash for this? Isn't the country broke? I bet this is an easy way to for many to scoop some pocket change as will not be transparent. Oh, never mind, everyone in the Cambodian goverment is honest thank goodness.

[Malc-Thai]

"on condition they use construction materials and advisory engineers from Thailand."

I don't know many new thai roads built by thais that lasted very long without the need for repair .. 

[BigHewer]

Actually a smart piece of business by Thailand, considering the baht is 20% lower vs the riel compared to year ago. A tidy profit on the loan in the offers. 

Conversely, the government went big on a yen loan earlier this year that will cost billions of baht when it is repaid. Passing on the cost of that error in judgement to Cambodia? 
https://thethaiger.com/news/national/thailand-borrows-50-billion-yen-from-japan-to-cope-with-covid-aftermath