Cambodia and Thailand have reached early this week in Bangkok, Thailand a Memorandum of Understanding (MoU) on Logistics aiming to establish a framework of cooperation in the spirit of mutual understanding and goodwill and to enhance closer friendship ties between both countries in the field of logistics.
The signatories were H.E. Ms. Koy Sodany, Secretary of State for Ministry of Public Works and Transport (MPWT) of Cambodia, and Mr. Danucha Pichayanan, Secretary General of National Economic and Social Development Council of Thailand.
Both sides discussed and shared each other background of preparation and implementation of policy on logistics sector development, including the launch of transport infrastructure development policy and logistics as prioritised and most necessary sector for socio-economic development.
H.E. Koy Sodany informed the Thai side about attention and effort of the MPWT in drafting the Master Plan on multipurpose transport connectivity and logistics in Cambodia, adding the Master Plan also includes hard and soft infrastructure development projects like projects of road, railway, expressway, waterway, maritime road, port, airport and logistics infrastructure development which needs some US$50 billion for a ten-year period.