Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

China inks railway deal with Loas

byAmmad Ahmed
16/11/2015
in Latest News
Share on FacebookShare on Twitter

BEIJING: China and Laos signed an intergovernmental railway cooperation agreement in Beijing on Friday night, planning to introduce a modern rail line in Laos in 2020.

Xu Shaoshi, head of National Development and Reform Commission, China’s top economic regulator, signed the document with Somsavat Lengsavad, deputy prime minister of Laos, at a ceremony at the Diaoyutai State Guesthouse.

You might also like

Electricity price may rise as Discos seek extra fuel cost charge

18/04/2026

Pakistan returns to global markets with $500m Eurobond after four years

18/04/2026

The two countries have agreed to use Chinese technology and equipment to build a 418-km line that will connect Kunming, capital of southwestern China’s Yunnan province, with the Lao capital city of Vientiane, according to the agreement.

The line will start in Kunming and travel southward to Jinghong and Mohan until entering Laos through the Lao border city of Boten. It will then travel past Luang Prabang and Vang Vieng before arriving in Vientiane. It will transport passengers as well as cargo.

The railway’s average speed is set at 160 kph and 60 percent of the line will be bridges and tunnels. China will be responsible for 70 percent of the 40-billion-yuan ($6.27 billion) investment, while Laos will be responsible for the remainder.

Once it is operational, this line will become Laos’ longest and fastest railway. Currently, the Southeast Asian nation has only one railway, which was opened in 2009 and links Vientiane with Thailand’s Nong Khai.

“The project will significantly boost the socioeconomic development of Laos, improve the nation’s transportation and generate a lot of jobs for local people. Of course, it will also inject new momentum into the economy of China’s southwestern regions,” Wang Xiaotao, deputy head of National Development and Reform Commission, told reporters at the signing ceremony.

He did not disclose when the line’s construction will begin, only saying that construction of the Chinese section between Yuxi and Mohan began in January.

Earlier reports said the Lao government had decided to start construction of its section of the line around the end of this year.

The two nations began to discuss the cross-border line in 2010, but the project had not made any substantial development since then due to investment issues. The turning point took place in April 2014 when Lao Prime Minister Thongsing Thammavong visited China and talked with President Xi Jinping and Premier Li Keqiang on the railway. After that, railway authorities from both sides have speeded up their work.

Bilateral trade between China and Laos reached $3.6 billion last year, according to Somsavat Lengsavad.

 

Related Stories

Electricity price may rise as Discos seek extra fuel cost charge

byCT Report
18/04/2026

ISLAMABAD: Electricity consumers may face higher power bills starting in May, as power distribution companies have requested the national energy...

Pakistan returns to global markets with $500m Eurobond after four years

byCT Report
18/04/2026

ISLAMABAD: Pakistan has re-entered the international financial market after a gap of four years by successfully issuing a $500 million...

Faisalabad Customs promotes EFS to boost efficiency: Collector Dr. Rizwan Basharat

byCT Report
18/04/2026

FAISALABAD: Officials from Pakistan Customs have urged exporters to fully utilise the Export Facilitation Scheme (EFS), highlighting that businesses at...

Aurangzeb advance economic diplomacy, engages global partners in Washington

byCT Report
18/04/2026

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, concluded final day of IMF-WB Spring Meetings in Washington. He...

Next Post

Midday: Bearish-note keeps KSE in negative zone as 100-index sheds 223pts

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.