International Finance Corporation (IFC) has joined the loan syndication to finance Thanaleng dry port PPP worth US$91.5 million in Vientiane Logistics Park, Laos.
The project involves the development of Thanaleng Dry Port by Sitthi Logistics (Sponsor). The Project is expected to offer access to advanced logistics services including multimodality, trans-shipment and value-added services with potential cost and time savings. The Government of Lao PDR awarded a 50-year concession to Vientiane Logistics Park Co. Ltd. (VLP Co.)
The port is developed by Sitthi Logistics (Sponsor), part of the Phongsavanh Group and has been partially operational since December 2021. It is expected to be fully operational by the end of 2022.