Bangkok Post reports that the region’s transportation network stands to get an investment boost after the 21st Greater Mekong Subregion (GMS) Ministerial Conference decided on a new investment plan in Chiang Rai, Thailand, December 1.
The six ministers endorsed an additional 14 investment projects on infrastructure and development for the second phase of its Regional Investment Framework Implementation Plan, taking the investment budget from US$30 billion for 93 projects under the previous plan to US$32.6 billion for 107 projects.
Financial investment will come from various sources, such as country governments, the private sector, the Asian Development Bank (ADB) and other partner development banks.
Most of the projects involve transportation infrastructure; road, rail, and maritime connectivity.
The conference also discussed officially incorporating the Mekong Tourism Coordinating Office (MTCO) in the near future … Full story at Bangkok Post.
MTCO Executive Director Jens Thraenhart was invited by the Royal Government of the Kingdom of Thailand, the Neighboring Countries Economic Development Agency (NEDA), and the Asian Development Bank to attend the meeting.
Mr Thraenhart said: “The progress of Mekong Tourism was featured in the opening address by HE Dr Arkhom Termpittayapaisith the Minister of Transport for the Kingdom of Thailand, and by Mr Stephen Geoff, Vice President of ADB.”
“And there was lots of promising discussion with development partners and our friends at Mekong Institute for future collaboration.”