Before construction, the Petroleum Trading Lao Public Company (PTL), YooshinEngineering Corporation and Korea National Railway will conduct a detaileddesign study for the railway.
Acooperation agreement on the project was signed in Vientiane last week by Presidentof Petroleum Trading Lao Public (PTL) Company Chanthone Sitthixay, President ofYooshin Engineering Corporation Chon Kyung-soon, and Executive Director ofKorea National Railway Park Jin-Hyun.
Upon completion, the Laos-Vietnam Railway will make contributions to the developmentof a modern and standardised transport infrastructure system, while reducingtransport costs so as to promote Laos’ socio-economic development.
The project will strengthen Laos’ connectivity as a transport and trade hubwithin ASEAN and beyond. It is envisaged to support the Lao government’s visionand the country’s development strategy of transforming Laos from a landlockedcountry into a land-linked country.
TheLaos-Vietnam Railway is a part of the Laos Logistics Link Project, whichincludes a number of sub-projects such as the Thanaleng Dry Port and VientianeLogistics Park, the Laos-Vietnam Railway, Vung Ang Seaport, and the BoualaphaCoal Fired Power Plant.
Thehigh-speed electrified railway project will be built over a distance of some500 kilometres, including some 312 kilometres linking Vientiane and Khammouaneprovince’s Thakhek district, and a 139-kilometre route connecting Thakhekdistrict with the Laos- Vietnam border. Total investment for the project isestimated at 5.5 billion USD./.