Japan's loan to Thailand

Japan's loan to Thailand

TOKYO (AFP): Japan said Friday it was extending development loans worth 95.67 billion yen (US$894 million) to help with a range of infrastructure projects in Thailand.

The state-run Japan Bank for International Cooperation said the money, its 25th aid package for Thailand, would support five projects including the construction of a new international airport for Bangkok.

The low interest-rate package, "aimed at social and economic development over the medium and long term, will provide continued support for major infrastructure projects," the bank said in a statement.

These include road improvements, subway construction, and measures to upgrade water supply in Thailand, it said.

The latest package brings the bank's total lending to Thailand to 1,879 billion yen.