The China Yunnan Construction and Investment Holding Group (YCIH) and the Lao Planning and Investment Ministry have signed a concession agreement for the first expressway in Laos. The Laos-China Joint Expressway Development, a joint venture (JV) between the Lao government and YCIH, will invest in, and construct and operate the expressway project on a BOT basis. The expressway will link Vientiane and Vangvieng. The project is a part of the Vientiane-Boten expressway, the first fully closed expressway in Laos and a major project of the Belt and Road Initiative. The 460 km expressway starts from Vientiane and ends in Boten.
