The coordinator of the Vientiane-Pakxe Expressway project in Laos, which is to be developed following a Build-Operate-Transfer model, has announced that the Ministry of Public Works and Transport will soon sign a Memorandum of Understanding (MoU) with four construction companies from Laos and China for planning and design works for the project.
Infrastructure/PPP news in Laos
Last Friday, twenty-one Asian countries signed a Memorandum of Understanding (MOU) to establish the Asian Infrastructure Investment Bank (AIIB) as founding members in Beijing.
Laos' Ministry of Public Works and Transport has approved plans for two road public private partnership (PPP) projects as pilot for other future privately financed projects.
The International Finance Corporation (IFC) is assisting the AIMS Government of Lao PDR (GoL) to select, through a transparent and competitive tender, a private investor/developer that will develop and improve the safety of the key arteries or roads, 13S (131 km) and 13N (136 km) in and out of Vientiane.