Transport infrastructure and facilities
Roads and bridges
Good infrastructure vital for ASEAN
The availability of good infrastructure at the national level of ASEAN countries is a prerequisite if they are to benefit from regional economic integration, delegates told a panel at the World Economic Forum on ASEAN on May 11. “Better physical infrastructure development in the country ...
Three EEC projects to be proposed
A working group on the Eastern Economic Corridor set up by the Cabinet plans to propose to the EEC Committee at the end of this month that it open opportunities for the private sector to join in the development of three infrastructure projects worth a ...
President to attend Road and Belt Forum in China
President Bounnhang Vorachit will attend the Belt and Road Forum for International Cooperation taking place from May 14 to 15 in Beijing, while economists say China’s Belt and Road Initiative will benefit the Lao economy. The president will lead a high-level delegation from Laos to ...
Quality infrastructure vital for growth
Quality infrastructure will attract foreign direct investment and is the key to ASEAN’s sustained economic growth, according to a Japanese bank official on May 10. “The ASEAN region needs to give priority to developing good infrastructure. This is a key factor for improving connectivity and long ...
EEC tied to China's One Belt, One Road
The government says the much-touted Eastern Economic Corridor is ready to be an important part of China’s One Belt, One Road initiative, which envisions connectivity between China and Eurasia. Speaking Monday at a seminar entitled “Thailand-Hong Kong-Shanghai Strategic Partnership on One Belt, One Road,” Deputy ...
WB project to provide better sanitation and transportation in central VN
About 1.1 million residents of central coastal cities are expected to benefit from a World Bank project to provide better sanitation services and better transport infrastructure in the region, according to the bank. The funding for the Vietnam Coastal Cities Sustainable Environment Project, worth $236 ...
Govt lures major Chinese investment to new EEC
Deputy Prime Minister Somkid Jatusripitak said on May 8 that the government plans to connect its new Eastern Economic Corridor development project with the Chinese government’s One Belt, One Road initiative. “The connection will be through a high-speed railway and other linkage infrastructure, “ Somkid told ...
Thailand Future Fund IPO delayed by cost concerns
The planned initial public offering of the Thailand Future Fund will be pushed back for another three months to September as concerns over the cost of launching the fund continue. Expressway Authority of Thailand, the owner of two expressways to be pooled as underlying assets ...
Govt borrows more money to address deficit
The government needs 2,420 billion kip to respond to budget expenditure that occurred in the first quarter of this year (January to March), a government leader has said. Of this figure, 957.7 billion kip is owed from the budget deficit in Q1 and the rest ...
Chinese buses to hit the roads
Phnom Penh is to get five new bus routes when China donates 100 buses within two months, according to City Hall. Phnom Penh Governor Pa Socheatvong said the new routes would help reduce traffic congestion in the capital and should be operational in June or ...
