Govt seeks investors to fund Vientiane-Pakxe expressway
The government is seeking investors to bankroll construction of the planned Vientiane-Pakxe expressway to link the country’s capital with Pakxe the capital of the southernmost province of Champassak. The Ministry of Planning and Investment recently issued an announcement asking local and foreign companies and investors to apply to participate in the mega project, which will be financed and developed in the Build-Operate-Transfer model. The new highway is necessary to accommodate the growing transport needs between the central and southern regions, which now rely solely on Road 13 South. If realised, the project will significantly facilitate transport between the central and southern regions and boost economic growth in Laos, which has one of the fastest growing economies in the region. The planned expressway would save time and offer a much more convenient route.