B718m loan approved for Uttaradit-Laos link
Border trade with Xayaburi set to boom
- Published: 7 May 2012 at 00.00
- Newspaper section: Business
The Thai government has approved a soft loan to Laos for a 33-kilometre road from the Phudu checkpoint in Uttaradit province to Paklai in the Lao province of Xayaburi.
The project is being implemented to boost two-way trade, especially the import of commodities.
The total cost of construction is estimated at 718 million baht. A grant of 143.6 million baht or 20% of the cost has been approved by the cabinet, as has a 574.4-million-baht, 30-year soft loan at 1.5% interest and with a 10-year grace period.
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