Asian Development Bank Advances Resilient Infrastructure in Thailand
Deal News | Jun 06, 2025 | Asian Development Bank
The Asian Development Bank (ADB) has entered into a loan agreement with the Government of Thailand to enhance infrastructure connectivity in the Eastern Economic Corridor (EEC). Valued at $68.74 million, the loan will extend critical road access to U-Tapao International Airport by developing a 1.92 km extension of Intercity Motorway No. 7 and expanding a 5.65 km section of National Highway No. 3. These developments aim not only to bolster connectivity but also to support Thailand's transition to low-carbon transport. Green construction practices such as green cement and onsite facilities with solar panels will be used. The initiative is part of ADB's longstanding financial relationship with Thailand, having contributed $7.4 billion from 1968 to 2024 in sectors like energy, transport, and agriculture. ADB, a prominent development bank in Asia, works with regional members to promote sustainable growth.
Sectors
- Infrastructure Development
- Transportation
- Renewable Energy
Geography
- Thailand – The loan and development project are focused on the Eastern Economic Corridor in Thailand, impacting local and regional transportation infrastructure.
- Asia and the Pacific – As a project supported by the ADB, it falls within the broader geographical scope of ADB’s operations in Asia and the Pacific.
Industry
- Infrastructure Development – The article discusses the development of road infrastructure in Thailand, specifically focused on providing resilient connectivity to the U-Tapao International Airport in the Eastern Economic Corridor.
- Transportation – The project involves transport infrastructure improvements, with the expansion of key highways aiding in better connectivity to air transport hubs.
- Renewable Energy – The construction project incorporates green building practices, including the use of solar panels and energy-efficient construction methods.
Financials
- $68.74 million – The loan amount provided by the Asian Development Bank to the Government of Thailand for infrastructure development in the Eastern Economic Corridor.
- $7.4 billion – Total support provided by ADB to Thailand in various sectors from 1968 to 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Asian Development Bank | Lender | Company | A leading multilateral development bank providing financial support and strategic solutions for infrastructure development in Asia and the Pacific. |
| Government of Thailand | Borrower | Government | The recipient of the loan aiming to improve infrastructure in the Eastern Economic Corridor. |
| Julapun Amornvivat | Deputy Finance Minister | Person | Represented the Thai government in signing the loan agreement with ADB. |
| Anouj Mehta | Country Director for Thailand | Person | ADB representative overseeing the loan agreement with Thailand. |
| Public Debt Management Office | Witness | Government | Part of the Thai Ministry of Finance, involved in the oversight of national debt and financial agreements. |
| Department of Highways (DOH) | Project Management | Government | Part of the Thai Ministry of Transport responsible for managing the construction and climate impact monitoring systems. |