Govt seeks to tap potential of regional connectivity


THE country is hoping to unlock the potential of regional connectivity by not only focusing on infrastructure development, but also boosting economic activity along key economic corridors.

The government is developing key road and rail networks to connect Laos with its neighbours, particularly China, Vietnam and Thailand, transforming itself from a land-locked country to a land-linked one.

In its latest economic update for Laos, the World Bank highlighted some of the main challenges and key reforms needed for Laos to fully benefit from improved connectivity and transit services.

“Significant investments include the Laos-China railway, the East-West economic corridor and key road networks.

“The challenge is to ensure that Laos can fully benefit from this improved connectivity, not only as a transit country but also through increased economic activity and export volumes, value-added services as well as the creation of new and better jobs,” the World Bank stated.

Recently, the World Bank’s Board of Executive Directors approved the US$132mil (RM580mil) South-East Asia Regional Economic Corridor and Connectivity Project, aiming to improve transport connectivity and regional trade along an east-west corridor. — The Vientiane Times/ANN

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