Thai railway firm in Laos

Tue, 11 Feb 1997, 00:00 WIB | Source: DPA

Bangkok (DPA): A Thai steel manufacturer has won a concession
to build more than 1,200 kilometers of railway track in
neighboring Laos that could eventually link Thailand to China, a
company source said yesterday.

Vichit Poonawat, managing director of steel producer Pacific
Transportation Company Ltd, said the first phase of the railway
link, spanning the Mekong River via the Friendship Bridge, would
cost about 900 million baht (US$36 million) and be completed
within the next eight months.

Under the concession agreement, a new joint venture will be
set up called Lao Railway Transportation Co., Ltd, in which the
government of Laos will hold 25 percent and Pacific
Transportation 75 percent.

View JSON | Print