Planning work is being carried out for the new expressway that will provide and improved transport link between Laos and China. The road will stretch 440km from the capital of Laos, Vientiane, to Boten, which lies on the order with China’s Luang Namtha Province.
Building the three key stretches for the project is expected to cost US$7.1 billion and the work is likely to take up to 10 years to complete. The expressway is to be operated by China-China Joint Expressway Development, which has been awarded a 50-year concession package for the link.
A financing package is being secured for the project while the supply of the necessary construction equipment to carry out the work is also being finalised. The new expressway will provided a much-needed economic boost for landlocked Laos.
