Progress made on SEZ in Luang Prabang
The developer of a US$1.2 billion special economic zone in Luang Prabang province is in the process of demarcating the project site and building an access road. The project, which is being developed by the Phousy Group, will comprise an area of 4,850 hectares in the districts of Luang Prabang and Chomphet with a concession period of 99 years. Deputy Director of the Luang Prabang provincial Department of Planning and Investment, Mr Bounsom Thatsavong, told Vientiane Times on Friday that parts of the site overlap the World Heritage Site, which will need to be re-determined and demarcated. He was unable to confirm when construction would begin and whether funding had been sourced. Local authorities and the developer are explaining the project to local residents affected by the SEZ, to make sure they understand its main objectives.
