Finance Ministry to seek B10 billion ADB loan for Purple Line extention

The Finance Ministry’s Public Debt Management Office (PDMO) will seek a loan of about 10 billion baht from the Asian Development Bank (ADB) for the construction of the southern extension of the Purple Line electric railroad between Tao Poon � Rat Burana, said Ekarat Khuankhansathit, director of a public loan section of the PDMO.

Mr Ekarat said PDMO plans to seek a US$333 million loan, or about 10 billion baht, from the ADB for the extension.

A proposal for the loan is expected to be tabled for cabinet consideration in 2018, he said.

Kalya Tantitemit, the Finance Ministry spokesperson, said that earlier on Nov 21 the cabinet approved a ministry proposal to seek a 3,404-million-baht loan from the ADB to expand Highway 22 to four lanes on the Nong Han � Phang Khon and Sakon Nakhon � Nakhon Phanom sections and Highway 23 between Roi Et and Yasothon. The entire project costs about 6,808 million baht.

The loan contract will be signed in May 2018 and the construction will begin in July 2018. The construction is set to be completed in four and a half years.

The two highways will support the transport of people and goods to Laos and Vietnam and economic and social development along the East-West Economic Corridor.

Source: Thai Public Broadcasting Service (Thai PBS)

Post Author: thailandmirror.com