International Finance Corporation (IFC) has announced a US$67 million financing package for the development of Thanaleng Dry Port located in Vientiane Logistics Park in Laos. The project aims to encourage cross-border trade for the landlocked country and boost efficiency and cost-effectiveness of the logistics services, as well as stimulate competitiveness and establish a new Southeast Asian trade hub.
IFC will directly contribute $26.1 million, with the remaining amount being provided by the leading international commercial banks. A loan of $21 million will be provided through the Blended Finance Facility under the International Development Association's (IDA) Private Sector Window (PSW).
The project will facilitate a significant increase in bilateral trade between China and Laos, in addition to promoting transit trade between China, Thailand, Malaysia and Singapore.
Country updates
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March 28, 2022
MoU signed for Vientiane to Vung Ang railway project in Laos
FLC Group and Lao Petroleum Trade Company (PetroTrade) have signed a memorandum of understanding (MOU) for the cooperation in the development of Vientiane – Vung Ang railway project in Laos.&nbs...
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December 09, 2021
ADB supports BRT system in Vientiane
ADB has announced that it will finance a sustainable urban transport project in Vientiane, the capital city of Laos. The program is being co-financed by the European Union’s Asia Investment Faci...
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September 01, 2021
Ratch completes acquisition of minority stake in Kasemrad International
RATCH Group has completed the acquisition of a minority stake in Kasemrad hospital from Bangkok Chain International (BCIL) in Laos. After the transaction Ratch group holds a 9.91% stake in the h...
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May 24, 2021
Laos selected provider for airport expansion PPP project
The Ministry of Planning and Investment of Laos has selected Korea Airports Corporation (KAC) as a provider of feasibility studies for the Airport Expansion PPP project. Bidding for the first part of...
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March 22, 2021
Laos signs concession agreement for power grid PPP project
The government of Laos and Electricite du Laos Transmission Company (EDLT) have signed a 25-year concession agreement for the power grid PPP project in Laos. The agreement allows the company to b...
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