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February 8, 2009

Japan to help fund Thailand’s mass transit rail system
The Japanese government has given the green light on providing 63 billion yen to Thailand to help finance constructing a mass transit rail system.

Thai News Agency reported that the loan was made during Thai Prime Minister Abhisit Vejjajiva’s official visit to Japan aimed at encouraging Japanese businessmen to invest more in Thailand and boosting trade between the two countries.

Abhisit said he had also discussed  bilateral relations wwith Mr. Aso, while the Japanese leader expressed his wish to see countries in the Asian region respond to deal with the global economic meltdown as Japan also wanted the Association of Southeast Asian Nations (Asean) to support it in playing a significant role in the Greater Mekong Subregion (GMS) project.

Cambodia, China, Laos, Myanmar, Thailand, and Vietnam are members of the GMS development project which involves comprehensive cooperation in many areas – trade, tourism, telecomnunications, transportation, energy, and the environment.

Abhisit said Thailand and Japan will again cooperate on battling the world economic slump as they did before during the 1997 Asian financial crisis, which originated from Thailand.

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