Laos breaks ground on high-speed train project

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lao-rail-mapLaos has broken ground on an ambitious high-speed railway project linking the country’s western border with Thailand to Vietnam and is likely to begin full construction in January, Radio Free Asia reported.

Giant Consolidated, a Malaysian company that will construct and operate the 220-kilometer railway, held a groundbreaking ceremony to mark the laying of the “foundation” for the project in on December 18, 2013 in Savannakhet, the report said.

Malaysia’s Giant in November 2012 was awarded a contract to construct and operate the railway from Savannakhet, on Laos’s southwestern border with Thailand, to the Lao Bao border gate with Vietnam in the east.

Construction of the railway, which also will links Savannakhet city to Vietnam’s Danang port city, is expected to take four years. A financial institution reportedly had agreed in April 2013 to provide a $5 billion loan to Giant to fund the construction.

Laos is also in negotiations to borrow $7.2 billion from China to fund a second planned rail line, a 420-kilometer project linking the capital Vientiane to southwestern China.

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Reading Time: 1 minute

Laos has broken ground on an ambitious high-speed railway project linking the country’s western border with Thailand to Vietnam and is likely to begin full construction in January, Radio Free Asia reported.

Reading Time: 1 minute

lao-rail-mapLaos has broken ground on an ambitious high-speed railway project linking the country’s western border with Thailand to Vietnam and is likely to begin full construction in January, Radio Free Asia reported.

Giant Consolidated, a Malaysian company that will construct and operate the 220-kilometer railway, held a groundbreaking ceremony to mark the laying of the “foundation” for the project in on December 18, 2013 in Savannakhet, the report said.

Malaysia’s Giant in November 2012 was awarded a contract to construct and operate the railway from Savannakhet, on Laos’s southwestern border with Thailand, to the Lao Bao border gate with Vietnam in the east.

Construction of the railway, which also will links Savannakhet city to Vietnam’s Danang port city, is expected to take four years. A financial institution reportedly had agreed in April 2013 to provide a $5 billion loan to Giant to fund the construction.

Laos is also in negotiations to borrow $7.2 billion from China to fund a second planned rail line, a 420-kilometer project linking the capital Vientiane to southwestern China.

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