According to Achong Laomao,deputy head of the Lao Ministry of Planning and Investment’s InvestmentPromotion Department, many foreign investors are interested in thescheme which would provide transportation link on land for goods fromChina, Thailand and Vietnam. Concurrently, the locals will benefit fromservices to tourists and businesses in transit.
Laos is looking for financing sources for the large-scale project anddiscussions with Chinese partners are scheduled for March, he added.
The governments of China and Vietnam have sponsored feasibility surveysfor railway routes from north to south and from east to west Laos. AMalaysian company is studying the possible economic benefits of arailway line in Savannakhet province as well as the possibility of arailway connection between Vietnam and Laos.
At present, Laos only owns 3.5 km of railroad, running fromVientiane-Noongkhai Friendship bridge to Thanaleng station in thecapital city of Vientiane./.