Laos, Vietnam seek funds for cross-border railway


VIENTIANE: The governments of Laos and Vietnam have vowed to seek financing to build a railway connecting the Lao capital Vientiane with the Vung Ang seaport in central Vietnam’s Ha Tinh province, some 400km south of the Vietnamese capital Hanoi.

The two sides signed an agreement in Vientiane on Sunday, pledging to work together to realise the planned project, known as the Vientiane-Vung Ang railway, local daily Vientiane Times reported yesterday.

The signing was one of the outcomes of the two-day goodwill visit to Laos by General Secretary of the Communist Party of Vietnam and President of Vietnam Nguyen Phu Trong on Sunday and Monday.

It is planned that the 555km railway will run for 452km in Laos and 103km in Vietnam.

Finance could be sought from the state and private sectors as well as a low-interest loan through official development assistance, according to the agreement.

The Korea International Cooperation Agency (KOICA) supported a feasibility study of the railway, which has been completed, according to the report. The Lao and Vietnamese governments have agreed to refer to the study.

The railway will be a huge boost to the government’s efforts to turn Laos from a landlocked country into a land-linked one and gain access to sea trade routes via the Vung Ang seaport, which the Lao and Vietnamese governments have agreed to jointly develop. — Xinhua

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

World , railway

   

Next In Regional

Budget tabling could double up as confidence vote for Anwar, says Amirudin
Doctor, doctor: Identical twins graduate together with medical degrees
Chinese premier Li Keqiang congratulates Anwar on his appointment as PM
Malaysia will work with Singapore to further elevate bilateral ties, says PM
GE15: King summons all 30 Barisan MPs to Istana Negara on Nov 23 morning
BN not supporting any coalition to form the government, says Ismail Sabri
GE15 Live Updates: PM Anwar says Pakatan, BN, GPS three largest coalitions in new unity govt
EC: Pakatan Harapan has won the most seats in GE15
GE15: Anwar claims simple majority, but mum on party Pakatan is cooperating with
GE15: Perikatan can form govt with other parties, just not with Pakatan, says Muhyiddin

Others Also Read