Cabinet nod for ADB loan for Highway 22 project
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The Cabinet Tuesday gave a green light to borrowings worth Bt6.808 billion from the Asian Development Bank (ADB) for the second phase of the Highways Department’s four-lane main-road construction project on Highway 22.
Nattaporn Jatusripitak, an adviser to Commerce Minister Apiradi Tantraporn, said the planned routes extended the project from Udon Thani-Sakon Nakhon, and Sakon Nakhon-Nakhon Phanom to Roi Et-Yasothon at a construction cost of Bt6.808 billion.
The Cabinet also approved the project’s inclusion in the Finance Ministry’s external-borrowings plan for the current fiscal year, which commenced on October 1.
At the same time, the Finance Ministry was asked to discuss the new loan extension with the ADB, and the additional budget with the Budget Bureau.
