Laos-China Rail Project Goes Full Steam Ahead
The Lao government will proceed with the construction of a US$7 billion Laos-China high-speed railway even though China has withdrawn from the joint venture.
Laos has now decided to assume sole ownership of the project, as it considers that transforming the country from being landlocked to a land link is central to the future of the nation’s development. The railway is now set to go ahead without any other direct stakeholders, but will be financed by a loan from China.
The ground-breaking ceremony is expected to take place during the 9th Asia-Europe Meeting Summit on November 5-6 when top ranking leaders from ….