Deal inked to turn Mekong island into landmark Vientiane ‘golf & resort’
To ease travel, a 12-metre-wide and 180-metre-long bridge will be built across the Mekong to the 450-hectare island.
To ease travel, a 12-metre-wide and 180-metre-long bridge will be built across the Mekong to the 450-hectare island.
This indicates that the government-enterprise cooperation project is about to get off the ground after more than one year’s preparation.
He stressed the importance of Laos-China cooperation over past years, citing China’s support for Laos to overcome the Covid-19 crisis and debt distress.
The project is set to generate revenue in foreign currencies to the Lao government, and create jobs for local people during the construction and operation periods.
Year-on-year inflation in Laos rose to 30.01 percent in August - the highest recorded in more than two decades.
According to reports, Malaysia has agreed with Thailand’s idea of setting up a joint working panel to discuss a network linking China, Laos, Thailand, Malaysia and Singapore.
A large chunk of investment money has funded the Laos-China railway, the Vientiane-Vangvieng expressway, the Saysettha Development Zone, among other projects.
Eleven of the 13 companies who have added to the government’s budget have carried out transactions in digital currency; 10 have handed over US$4.5 million in copyright fees.
Visiting deputy secretary of state Wendy Sherman said a number of projects are being taken up