GMS nations back investment boost
The region’s transportation network stands to get an investment boost after the The 21st Greater Mekong Subregion Ministerial Conference decided on a new investment plan on December 1. Six ministers from GMS countries — China, Laos, Vietnam, Cambodia, Thailand and Myanmar — endorsed an additional 14 investment projects on infrastructure and development for the second phase of its Regional Investment Framework Implementation Plan, they said in a statement after yesterday’s meeting. The decision will increase development projects from 93 to 107 approved in the previous plan, taking the investment budget from US$30 billion under the previous plan to US$32.6 billion.
