The government has authorized the Petroleum Trading Lao Public Company, mostly known as Petro Trade, to conduct a feasibility study into the construction of a new railway line linking Vientiane with Khammuan Province.
The MOU for the 24-month study project was signed in Vientiane on Wednesday, Jun 29, between Deputy Minister of Planning and Investment Khamchanh Vongsenboun and Petro Trade Vice President Viengkhone Sitthixay.
The railway is part of the US$5-billion Vientiane-Vung Ang (Ha Tinh, Vietnam) railway project.
The Lao and Vietnamese government have reached an agreement to jointly develop the Vientiane-Vung Ang railway designed to help Laos get a shorter access to a deep seaport in Ha Tinh, a central province of Vietnam.
The railway will be connected to the Lao Logistics Park in Vientiane which is already connected to the Laos-China Railway.
Source: Lao News Agency