Laos – China railway project to be profitable after 23 years

The Laos-China Railway is expected to generate profits after 23 years of operation, according to the Lao Ministry of Planning and Investment.

Tuesday, December 28, 2021 16:13

Laos – China railway project to be profitable after 23 years ảnh 1

Laos-China Railway bridge crossing the Mekong River in Luang Prabang (Photo: https://laotiantimes.com/)

Vientiane (VNA) - The Laos-China Railway is expected to generate profits after 23 yearsof operation, according to the Lao Ministry of Planning andInvestment.

Laotian Times quoted Director-Generalof the Investment Promotion Department under the Lao Ministry of Planning andInvestment Outakeo Keodouangsinh, saying that the Laos-China Railwayproject has a total investment of over 5.9 billion USD, and operates under a50-year concession period.

Some 40 percent of the investment soured fromthe Lao and Chinese governments, and the other 60 percent was a loan fromChina’s Export-Import Bank, Keodouangsinh said.

The Laos-China Railway Company will be liable for maintenance costs and otherrisks once the 50-year concession period expires and the project is handed overto the Lao government.

Infrastructure development around the stationhas been agreed upon at four points, including 1,000 ha at stations in Oudomxayprovince and Vientiane capital city, and 500 ha surrounding Vang Vieng andLuang Prabang stations.

He noted that the Lao governmentwould not provide further land for investment surrounding the Laos-Chinarailway project./.

VNA

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