A joint venture company (JV) comprising Deoca Group and Petroleum Trading Lao (PetroTrade) will explore the feasibility of developing a new rail line connecting Vietnam and Laos. The project is expected to cost around USD6.31 million. The transport project will develop a 554.7 km railway linking Vientiane in Laos with Vung Ang Port in Vietnam.
The line will also be linked with the existing high-speed rail (HSR) line between Kunming city and Vientiane.
However, construction commencement date or details regarding funding sources have not been disclosed yet.