China, Laos to build $6.3 bln railway project by 2020

China aims to complete laying a 418-kilometre (260-mile) railway from a border town to Laos by 2020, the official China Economic Herald reported, as the economic giant seeks a new route into the emerging markets of Southeast Asia.

The two countries agreed on 13 November to jointly build a 40-billion yuan ($6.28 billion) railway from the border town of Boten to the Laos capital Vientiane, the Herald reported.

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