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Vietnamese firm FLC and Laos’ Petroleum Buying and selling Lao Public signal a memorandum of understanding to construct a railroad line between the 2 international locations in Vientiane, March 21, 2022. Photograph courtesy of FLC
Vietnamese firm FLC will be a part of arms with Laos’ Petroleum Buying and selling Lao Public Firm to construct a $5-billion railroad line between the 2 international locations.
They signed a memorandum of understanding on the cooperation within the Laotian capital Vientiane Monday. The 555-kilometer line will join Laos’ capital Vientiane with Vung Ang Port within the central coastal province of Quang Binh. Building is anticipated to start within the closing quarter of this 12 months.
FLC will likely be chargeable for constructing the 103-kilometer part from the Cha Lo border to the seaport.
The part in Laos will likely be constructed by PetroTrade, the nation’s main gas distributor.
The railroad is anticipated to reinforce the port’s transshipment capability and facilitate commerce between Vietnam and its neighboring international locations.
FLC additionally apprised the Laotian authorities about its curiosity in investing in main initiatives within the nation, significantly within the tourism, aviation and mining.
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