ASEAN KEY DESTINATIONS
India, Myanmar, Thailand road connection by 2016
India, one of six partner countries of Asean, has provided a loan of US$500 million to Myanmar, which will spend part of the loan on the highway project, the Indian ambassador to Thailand said.
It is reported that half of the highway, a section from the northeastern parts of India to Myanmar, will undergo reconstructions and repairs.
"The highway will link India with Mandalay in Myanmar through the section under construction on Thai border just 63 kilometres away from Myanmar,” the Indian ambassador told The Nation in an interview.
He said the trilateral road connectivity would enable goods to be transported among the three countries, thereby promoting trading and investment and creating job opportunities.
Asia Development Bank and World Bank are among the institutions that provide monetary aid to the project.
The highway is expected to serve as an east-west economic corridor for India, Myanmar, Thailand, Laos, Cambodia and Vietnam.
There is also a north-south economic corridor linking the southern China with Malaysia and Singapore through major Southeast Asian countries like Myanmar and Thailand.
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