International Finance Corporation (IFC) has joined the loan syndication to finance Thanaleng dry port PPP worth US$91.5 million in Vientiane Logistics Park, Laos.
The project involves the development of Thanaleng Dry Port by Sitthi Logistics (Sponsor). The Project is expected to offer access to advanced logistics services including multimodality, trans-shipment and value-added services with potential cost and time savings. The Government of Lao PDR awarded a 50-year concession to Vientiane Logistics Park Co. Ltd. (VLP Co.)
The port is developed by Sitthi Logistics (Sponsor), part of the Phongsavanh Group and has been partially operational since December 2021. It is expected to be fully operational by the end of 2022.
Country updates
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November 25, 2022
Partnership deal signed for USD150 million Airport PPP project in Laos
Korea Airports Corp. (KAC) has signed a partnership deal with the government of Laos to develop and expand the international airport in Luang Prabang, Laos.
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July 08, 2022
Government of Laos commissioned a feasibility study for USD5 billion Railway Project
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June 14, 2022
IFC provides US$67 million financing for Thanaleng Dry Port PPP project in Vientiane
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 encou...
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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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