MANILA, June 6 (Xinhua) -- The Asian Development Bank (ADB) and Thailand on Friday signed a loan agreement of 68.74 million U.S. dollars to provide connectivity infrastructure to the U-Tapao Airport in the Eastern Economic Corridor (EEC), a manufacturing and innovation hub in eastern Thailand.
The project will provide key access roads to the U-Tapao International Airport by constructing a 1.92-kilometer extension of Intercity Motorway No. 7 and expanding a 5.65-kilometer section of National Highway No. 3 from the Bang Phai River in the west to the Motorway No. 7 interchange in the east, the ADB said in a press release.
"The complete road construction will provide a sustainable land transport network and support the multimodal transport connecting rail, road, and air transport linkage in the EEC, where industries such as smart electronics, agriculture and biotechnology, health care, and digital services are located," the ADB said.
From 1968 to 2024, the ADB said it has supported Thailand's public sector through loan, grants, and technical assistance, amounting to 7.4 billion dollars in various sectors. ■
