Jul 28, 2009
By Phisanu Phromchanya
BANGKOK -(Dow Jones)- The Thai Cabinet Tuesday approved a THB1.4 billion ($ 41.2 million) budget to provide financial assistance to Cambodia for its road development project.
The 30-year soft loan will charge interest at 1.5%, with the principal being repaid from 2019 onward, a government spokesman told reporters after a weekly cabinet meeting.
The project is expected to boost traffic volume between the two countries in both tourism and logistics.
The 30-year soft loan will charge interest at 1.5%, with the principal being repaid from 2019 onward, a government spokesman told reporters after a weekly cabinet meeting.
The project is expected to boost traffic volume between the two countries in both tourism and logistics.
