Laos’s Petroleum Trading Lao Public Company (PTL) has signed various memorandums of understanding (MoUs) for infrastructure development in the country. PTL has signed an MoU with Daewoo Engineering and Construction Company for the development of hydroelectric power generation facilities on the Mekong river, seaports, and special economic zones. At the same time, MoUs have been signed with the Korea Development Bank and the Korea Trade Insurance Corporation for provision of loans and insurance guarantees to local construction projects respectively.
