Bangkok - The Export-Import Bank of Thailand and the Asian Development Bank (ADB) have agreed to provide 14 million dollars to finance the construction of transmission lines across the Thai-Cambodian border, EXIM Thailand announced Wednesday. "The construction undertaken by (Cambodia) Power Transmission Lines Company Limited aims to supply electricity for the growing industrial and tourism sectors in Cambodia," bank president Apichai Boontherawara.
The banks have joined with Advisors/Arco Capital Management Family of Funds (Arco) and Cambodia's Foreign Trade Bank (FTB) to provide a total of 20 million dollars to finance the power transmission lines construction for electricity imports from Thailand.
The total package, with 7 million from EXIM Thailand and ADB, 4 million from Arco and 2 million from FTB, will finance the construction of 115-kilovolt double-circuit transmission lines running approximately 221 kilometers from Thailand's Aranyaprathet district in Sa Kaeo province to Banteay Meanchey, Battambang and Siem Reap in Cambodia, home to the famed Angkor Wat temple complex.
