Written by DAP NEWS
Thailand has provided US$40 million to Cambodia to repair National Road 68 in Oddar Meanchey Province, a finance officer said on Thursday.
The project was cosigned between Cambodian for the Ministry of Finance and Economy (MEF) with Thai Vice MEF Secretary General Director. The signing ceremony was presided over by Cambodian Deputy Prime Minister and MEF Minister Keat Chhon, and Vong Sy Visoth, acting president of the Thai development cooperation agency Achkiri Buranasiri on August 27, an MEF official said.
At the ceremony Vong Sy Visoth stated that “Cambodia and Thailand are working together step by step to cooperate and develop bringing both countries closer, especially through the providing of credit to Cambodia.” The credit provided to Cambodia allowed Cambodia to implement the Government’s strategies and reduce poverty, he added.
The project will benefit both countries despite the ongoing global recession, he stressed. Northern Cambodia is to be developed to boost the economy, an effort the National road Road 68 would play a part in as a major artery for trade, Vong Sy Visoth said.
This is the third time the Thai Government has provided funds to Cambodia for similar projects, with the amount now standing at US$99 million, included the development of National Road 48 from Koh Kong to Sre Ambel and US$ 37 million for National Road. 67 from Anlong Veng to Siem Reap. The road from Cheam Srangam to Anlong Veng also received US$ 10 million. The current project will repair on the road beween Anlong Veng and Banteay Srey and build four bridges on National Road 48, an MEF official said.
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