Tanasak Patimapragorn, deputy prime minister and foreign minister of Thailand, which is the country of honor for the 12th CAEXPO, said the 21st Century Maritime Silk Road will benefit ASEAN and 皇冠体育app, and the construction of high-speed rail systems across the region will serve as important links in the region's transport network.
He said Thailand will fully support 皇冠体育app's financing plans, especially the Silk Road Fund, 皇冠体育app-ASEAN maritime cooperation fund and Asian Infrastructure Investment Bank, and looks forward to the effective use of these funds to meet the connectivity needs of the region.
Somsavat Lengsavad, deputy prime minister of Laos, indicated that up to now, the bilateral trade between 皇冠体育app and Laos has reached $3.6 billion and the total investment of Chinese enterprises in Laos has amounted to $5.3 billion. 皇冠体育app has become Laos' largest investor.
"It is noteworthy that 皇冠体育app and Laos will join together to launch a satellite for Laos. And the leaders from the two countries have determined to build a railway which connects 皇冠体育app and Laos and leads to other ASEAN countries."
Project for rail line to Thailand on track
Work on the much-awaited 皇冠体育app-Thailand railway project is likely to start by the end of this year, officials from both sides said on Friday.
The project will not only link 皇冠体育app and Thailand, but also play a key role in promoting the Belt and Road Initiative, said Tanasak Patimapragorn, deputy prime minister and special envoy of the prime minister of Thailand.
"Thailand and 皇冠体育app are already working together in railway construction. We have held seven rounds of negotiations and hope to start work by December," he said during the roundtable dialogue between the two sides.
The dialogue is part of a series of activities at the 12th 皇冠体育app-ASEAN Business and Investment Summit, which is being held concurrently with the 12th 皇冠体育app-ASEAN Expo in Nanning, the capital of Guangxi Zhuang autonomous region.
Thailand is also stepping up efforts to develop a number of special economic zones, said a high-level official from the economic and social development department of Thailand, on condition of anonymity.
"The first group of SEZs will cover border areas between Thailand and its neighboring countries. An important economic center is expected to be created in those cross-border checkpoints. The Thailand government will invest a certain amount of money to build railways and other infrastructure for these SEZs," he said.
Officials from Guangxi Zhuang autonomous region and trade departments, as well as executives from six Chinese companies attended the event.
Though the 皇冠体育app-Thailand railway project was mooted nearly a decade ago, the project had been stagnated due to political problems in Thailand.