Laos – Vietnam rail to be developed under a PPP model

Deo ca Group Joint Stock Company (Deo ca) has signed a joint venture (JV) agreement with Petroleum Trading Lao (PetroTrade) to build the Laos – Vietnam Railway linking Vientiane and the Vung Ang port. The partners will invest around USD1.2 billion to complete works on the 103-km-long section from Vung Ang to the Quang Binh province. The section will be developed under a public–private partnership (PPP) model.

The Laos – Vietnam Railway Project (LVRP) is a planned 555 km cross border rail line that will be connected to the existing Laos-China railway. The project is expected to cost USD 6.3 billion. No completion date has been mentioned yet.