Savanakhet-Lao Bao high speed rail project taking shape
(VOV) -Laos and Malaysia recently signed a memorandum of understanding (MoU) to conduct preliminary surveys for the US$5 billion Savanakhet-Lao Bao high speed rail project connecting Laos and Vietnam.
The unprecedented high-speed railway is designed to span 220 kilometres, running from the Lao central province of Savannakhet to the Lao Bao border gate of Vietnam.
The agreement to construct the project was signed on the occasion of the 9th Asia-Europe Meeting Summit in 2012 with funding provided by Malaysia’s Giant Consolidate Limited Group.
The railway, part of the Southeast Asian railway network, is expected to significantly contribute to economic development and trade between the two countries as well as the ASEAN region.