Investor Granted a 30-year Concession to Renovate Wat Xieng Khuan

Source: KPL

Hadxayfong Authorities have authorised Lao International Travel and Investment Co., Ltd. to renovate Wat Xieng Khuan, also known as Buddha Park to make it more attractive to domestic and foreigner visitors.

An MoU on the concessional right given to the private company was signed on Aug 24 in Vientiane Capital by Director of the Hadxayfong District Planning and Investment Office Mr. Bountong Phonesavath and Director of the Lao International Travel and Investment Co., Ltd. Mrs. Soysouda Inmeuangxay in the presence of Chief of Hadxayfong district Mr. Bountham Phouthavongsa and representatives of relevant authorities.

Wat Xiang Khuan (Buddha Park) is among well-known cultural tourist attractions of Vientiane Capital. It is located on the Mekong Riverbank.

The renovation project costs around US$5 million (40 billion kip).