VIENTIANE, June 14 (Vientiane Times/ANN): Deputy Prime Minister Dr Sonexay Siphandone has said the Thanaleng Dry Port (TDP) and Vientiane Logistics Park (VLP) project is significant to drive trade competitiveness for Laos.
The DPM, who is also Minister of Planning and Investment, made the comment on June 10, 2021 during his working tour to the mega project, which is being developed on 382 hectares in Vientiane. TDP is expected to fully open for service in a few months.
“The development of the dry port is very important. We have recognised the problem – the export competitiveness of the Lao PDR is disadvantaged by high transport costs, ” he told the project developer.
The development of Thanaleng Dry Port will be a strength of the Lao PDR.”
Welcoming the DPM and his delegates were President of VLP Co., Ltd. Mr Chanthone Sitthixay; the former Minister to the Prime Minister’s Office and current President of the Executive Board of Strategy and Planning in PTL Holding Company Limited, Mr Alounkeo Kittikhoun; former Deputy Minister of Finance and now VLP Co., Ltd.’s Senior Advisor, Mr Sila Viengkeo and the executive management team of VLP Co., Ltd.
TDP tops the list of development priorities in the Lao National Logistics Strategy from 2016 to 2025 adopted under PM decree No. 158/GOL dated May 27, 2015, an action plan that will drastically transform Laos from being landlocked to a land-linked country.
On February 7, 2020, the Lao government approved the feasibility studies and gave the green light for the establishment of the Vientiane Logistics Park Company Limited to execute the 50-year-concession project.
Estimated to be developed at a total cost of US$727 million, the project aims develop Green, Modern and Smart logistics services for intermodal transport. The project is planned to link with sea trade routes, airports, and railways. Therefore, the project will bolster and maximise trade and investment potentials.
The TDP project is expected to reduce cross-border transport costs, especially at the 1st Lao-Thai Friendship border checkpoint Vientiane-Nongkhai by 40 percent from current prices by 2025, making Laos not only preferred a transit place but also an international commercial connected centre.
Dr Sonexay also stated that the Thanaleng Dry Port and Vientiane Logistics Park project would maximise the benefits of the Laos-China railway -- the mega project to boost Laos’ land-link effort.
He informed after the meeting with the TDP and VLP developer that the railway, which is currently under construction, is slated to open for service on December 2, 2021 – the day the Lao PDR will mark the 46th anniversary of its founding. - Vientiane Times/ANN