Saturday, December 8, 2007

Thais seize 100 stolen luxury vehicles

BUKIT KAYU HITAM: Thai authorities have seized around 100 luxury vehicles worth RM4 million reported stolen in Malaysia since January.

Malaysian Consul to Thailand Sarifudin Abdullah said: “Based on the investigations of the Royal Thai Customs Department, we believe there is a gang stealing cars and smuggling them across the border.”

He received two stolen vehicles from the Thai Regional Customs Bureau 4 director Rakop Sirsupaat at the border entry point here yesterday.

Sarifudin said five vehicles, including a Honda CRV, Nissan Frontier, Toyota Harrier and two Toyota Innova, were handed to the Customs Department in August.

“The vehicles will be handed back to the owners, unless their insurance claims have been paid out,” he said.

The Thai Customs Department had agreed to hand over all the stolen vehicles during 10th Malaysia-Thai Joint Commission Meeting last June. Another 65 cars will be handed over in stages.

Donors provide $165.5 mln for Vietnam, Cambodia road repair

The Asian Development Bank (ADB), South Korea and Australia will provide US$165.5 million in loans and grants to Vietnam and Cambodia to improve the road system between the countries.

The move is aimed to “rehabilitate transport infrastructure to promote cross-border trade and support economic development in the Greater Mekong Sub-region,” an ADB press release says.

Of the total, Vietnam will receive $125 million in loans and $25.5 million in grants.

Vietnam will contribute $58.2 mil-lion and Cambodia will provide $3.7 million to complete funding for the road improvement, which is part of the Greater Mekong Sub-region (GMS) Southern Coastal Corridor Project.

The GMS is composed of countries sharing the Mekong RiverCambodia, China, Laos, Myanmar, Thailand and Vietnam.

The Southern Coastal Corridor runs for 924 kilometers along the Gulf of Thailand coast from Bangkok through Cambodia and ends at Nam Can in the south of Vietnam.

The project specifically involves the rehabilitation of 15 km of national road in Cambodia that links to the border of Vietnam and the improvement of 96.1 km of national highway in Vietnam, which includes the construction of two bridges across the Cai Be and Cai Lon rivers.

New cross-border facilities will also be developed.

The Cambodian section of the project is expected to be completed in June 2012 and the Vietnam section in December 2014.

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