Laos considering private investment for roads

Road-Construction-LaosLaos is considering allowing private investment to help improve the country’s roads, local media reports said on January 6.

A feasibility study into building highways through public-private partnerships was to be conducted with financial support from the World Bank, Lao Deputy Transport Minister Lattanamany Khounnivong was quoted as saying by the state-run Vientiane Times.

The government has declared the goal of transforming the country, which borders China, Vietnam, Cambodia, Thailand and Myanmar, from a “land-locked to a land-linked one.”

But “despite the efforts, road development in the country still lags behind others in the region,” the Vientiane Times noted.

“Many officials say that allowing public-private partnerships to develop tollways would help the country to address corruption in infrastructure development,” it said.

The study would first consider a joint venture to upgrade a four-lane highway linking Vientiane to Vang Viang, a popular tourist destination about 110 kilometers to the north.



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Laos is considering allowing private investment to help improve the country's roads, local media reports said on January 6. A feasibility study into building highways through public-private partnerships was to be conducted with financial support from the World Bank, Lao Deputy Transport Minister Lattanamany Khounnivong was quoted as saying by the state-run Vientiane Times. The government has declared the goal of transforming the country, which borders China, Vietnam, Cambodia, Thailand and Myanmar, from a "land-locked to a land-linked one." But "despite the efforts, road development in the country still lags behind others in the region," the Vientiane Times noted. "Many...

Road-Construction-LaosLaos is considering allowing private investment to help improve the country’s roads, local media reports said on January 6.

A feasibility study into building highways through public-private partnerships was to be conducted with financial support from the World Bank, Lao Deputy Transport Minister Lattanamany Khounnivong was quoted as saying by the state-run Vientiane Times.

The government has declared the goal of transforming the country, which borders China, Vietnam, Cambodia, Thailand and Myanmar, from a “land-locked to a land-linked one.”

But “despite the efforts, road development in the country still lags behind others in the region,” the Vientiane Times noted.

“Many officials say that allowing public-private partnerships to develop tollways would help the country to address corruption in infrastructure development,” it said.

The study would first consider a joint venture to upgrade a four-lane highway linking Vientiane to Vang Viang, a popular tourist destination about 110 kilometers to the north.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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