The planned Laos-Vietnam Railway, running from Thakhek district in Khammouane province to the Lao-Vietnamese border, is expected to be completed and open for service in 2028.
The Petroleum Trading Lao Public Company (PTL), in cooperation with Yooshin Engineering Corporation and Korea National Railway, will conduct a detailed design study of the railway before construction begins.
A cooperation agreement on the project was signed in Vientiane last week by the President of Petroleum Trading Lao Public (PTL) Company, Mr. Chanthone Sitthixay, the President of Yooshin Engineering Corporation, Mr. Chon Kyung-soon, and the Executive Director of Korea National Railway, Mr. Park Jin-Hyun.
The signing ceremony was attended by the President of the Executive Board of Strategy and Planning at PTL Holding Company Limited, Mr. Alounkeo Kittikhoun, senior government officials from the ministries of Planning and Investment, Natural Resources and Environment, and Public Works and Transport, as well as other relevant government bodies and company representatives.
The Laos-Vietnam Railway will be built over a distance of 250 kilometers and will cost USD 2 billion to construct, Mr. Chanthone said.
βOur company has been granted the right to be the developer. We have made every effort to fulfill our obligations under the project and have already achieved key milestones such as the completion and approval of the economic and technical feasibility study and the environmental impact study.β βThe signing of the concession agreement and the detailed design study will pave the way for the construction phase in the future,β he added.
βYooshin Engineering Corporation and Korea National Railway of the Republic of Korea have proven their high level of competency and great experience internationally about their outstanding expertise in engineering, design, construction, technology, and the management of railway projects globally and with great efficiency for over 60 years.β Source: Laotian Times
