The Thai Eastern Economic Corridor (EEC) Office is scheduled to sign a Memorandum of Understanding (MoU) with the China Development Bank (CDB) and the Japan Bank for International Cooperation (JBIC) for financial support of investment projects next week, according to Thailand’s media.
Nathporn Chatusripitak, spokesman of Deputy Prime Minister Somkid Jatusripitak, said the cabinet on May 14 approved the draft MoU that is due to be signed by the three parties on May 21 in Beijing.
The CDB is a state-owned bank focusing on providing loans and investment for infrastructure projects and other development ones in China.
It also supports overseas development projects in response to the government policy for sustainable growth and Chinese companies’ active overseas expansion.
The JBIC is a financial institution aiming to support the development of the Japanese and international economies.