Rail link to connect Laos, China
2012-12-04 09:38:49The stalled train link project between Laos and China will commence next year after receiving a financial lifeline from a Chinese bank.
Initially agreeing to jointly fund the link, Beijing pulled out earlier this year, citing concerns of profitability, The Malaysian Insider reported.
However, receiving the necessary funding earlier this week, the US$7 billion link is expected to be up and running within five year and will run from the Chinese border to Vientiane, according to The Malaysian Insider.
A Chinese firm has been called in to carry out construction, which will link Chinese city, Kunming to Singapore.