The Thanaleng Dry Port (TDP) and Vientiane Logistics Park (VLP) will be important drivers of Lao economic development, the project developer has told government aides.
The Board of Advisors to Prime Minister Phankham Viphavanh, led by the board’s Chairman, Mr Chanthaboun Lattanavong, on Friday visited the US$727 million project, which is under construction in Vientiane.
Chairman of the Vientiane Logistics Park Co., Ltd., Mr Chanthone Sitthixay, and TDP Managing Director Sakhone Philangam welcomed the aides and briefed them about the project.
Regional-global transport hub
Given its strategic importance of being a transport hub between Laos, the region and the world, the developer said the project, once operational, would be one of the main forces in driving substantial economic growth.
Set to launch its soft opening next month, the project is part of the Lao National Logistics Strategy and Laos Logistics Link, which will help transform Laos from being landlocked to a land-linked country.