Thai Govt Denies 31 Million Baht Aid to Cambodia, Cites Existing Debt Interest

The Thai government has clarified that reports regarding the consideration of a 31 million baht budget to aid Cambodia are inaccurate. A government spokesperson stated that the actual figure related to Cambodian projects is 18.2 million baht, and this amount is not for new projects but rather covers interest payments on existing, completed infrastructure initiatives. The reported figure of 31 million baht is inaccurate in both amount and purpose, according to the government spokesperson. The actual budget amount related to Cambodian projects is 18.2 million baht, allocated for interest payments stemming from existing project contracts, not for new initiatives. The 18.2 million baht budget is divided between the R67 Road project (12 million baht) and the Stueng Bot Checkpoint project (6.2 million baht). These are not funds for new endeavors but are associated with interest obligations under existing contracts for projects that have already been built. This budgetary allocation has undergone scrutiny and detailed explanation at the subcommittee and committee levels within both the House of Representatives and the Senate, with no reduction in the proposed amount. The government agencies involved have provided comprehensive details to the committees. The R67 Road and Stueng Bot Checkpoint projects were undertaken to align with Thailand's development plans and benefit the nation by enhancing connectivity with neighboring countries. The projects stipulated the use of Thai operators and materials, and in cases of joint ventures, Thailand holds over 51% ownership. The Neighboring Countries Economic Development Cooperation Agency (NEDA) facilitated loans from Thai financial institutions, with NEDA contractually obligated to partially alleviate interest burdens. If NEDA fails to pay the interest it is contractually responsible for, it could affect the contract's terms and Cambodia's loan repayment schedule. While acknowledging public concern, the government urged citizens to consider factual information to prevent misunderstandings. It reiterated its commitment to transparently providing information and ensuring all actions adhere to relevant frameworks and conditions, prioritizing the interests of Thailand and its people.