Thailand approved a preferential loan worth 777 million THB under 30 year contract for infrastructure development in Myawaddy city in Myanmar

3 มีนาคม 2563
Thailand approved a preferential loan worth 777 million THB under 30 year contract for infrastructure development in Myawaddy city in Myanmar

The Thai Cabinet has approved a preferential loan worth 777 million THB (over 25.76 million USD) under a 30-year contract for Myanmar for infrastructure development in Myawaddy city, vietnamplus reported.

Government deputy spokeswoman Ratchada Thanadirek said the Cabinet meeting on December 24 endorsed a proposal for the Neighbouring Countries Economic Development Cooperation Agency (NEDA) to provide financial assistance for Myanmar to fund the third phase of the Greater Mekong Sub-region development project for Myawaddy.

The loan has an annual interest rate of 1.5 percent and a grace period of 10 years, she said.

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