Private sector urged to get involved with infrastructure development
Infrastructure development under the Build-Operate-Transfer (BOT) model is taking shape in Laos as the government requires huge capital investment to improve road networks and other facilities.
Lao economists have supported the initiative, saying that with the government’s limited funding, it’s critical to encourage the involvement of the private sector to develop infrastructure.
Independent and experienced economist Dr Mana Southichak told Vientiane Times last week that “private investment in developing roads or expressways is a good way to reduce the government’s budget burden, but the government needs to ensure the integrity of the project as well.”
