ID :
92545
Tue, 12/01/2009 - 16:11
Auther :
Shortlink :
https://oananews.org//node/92545
The shortlink copeid
Giant builds three billion USD railway line in Laos
(KPL) THE Giant Group Limited, an offshore company based in British Virgin Islands, was all set to begin construction of a USD three-billion railway line from Savan-SENO in Savannakhet province, to Lao Bao on the Laos-Vietnam border, in either February or March next year.
According to the International Director of GGL, Mr Noor Mohamed Ahmad, based in Vientiane, the master agreement, between the government of Laos and his company, would be signed in December 2009 and at present both sides were putting the final touches to this contract.
He added that on completion of the railway line there would be other expenses, though he did go into details, so that the total cost would be in the region of five billion USD and the expenditure would be spread over a period of four and a half to five years.
Speaking to a KPL News reporter last week, he added that the railway line would not end abruptly at the border, in fact, it would continue seamlessly to the Vietnamese coastal port, My Thuy.
“It meant that we would be constructing, at almost the same time a railway line from My Thuy to Lao Bao, a distance of 110 kilometres, so that on completion of the two stretches of the line, a train could run non-stop from one end to the other and vice versa,” said Mr Noor Mohamed.
Commenting on the Vietnamese project, he said that GGL had already signed an MOU with the Quang Tri People’s Committee to construct a deep sea port at My Thuy.
When it would be operational in a few years’ time, this trans-boundary railway line would become the ‘life-blood’ of the tri-nation East-West Economic Corridor, comprising Thailand, Laos and Vietnam, it would also act as a mode of transportation and at the same time facilitate communication between the various peoples, thus spurring economic growth within the corridor.
It was certain that the engines of the trains would be used to pull the boxcars that carried the minerals from the mines of mineral rich Savannakhet province in central Laos, gold, copper, iron ore and others to the Vietnamese port, My Thuy, and from there by ship to China, a country hungry for hard and soft commodities and she had been building the equivalent of one New York per year.
Commenting on the history of the current rail project, international director of this investment company said that initially, his company proposed a railway line from Vientiane (capital) to Boten, a town in northern Luang Namtha province on the Laos-China border.
But, he added, the Lao government officials suggested the present project, GLL took up this proposal and was determined to carry it out.
Talking about the history of his company, Mr Noor Mohamed said that GLL came to Laos in 2006 and up to date it also had projects in two neighbouring countries, Cambodia and Thailand.
He also said that his investment company raised money, took risks, it had private investors who channeled their money through banks and it had already secured investment funds for this bi-country rail project.
According to the International Director of GGL, Mr Noor Mohamed Ahmad, based in Vientiane, the master agreement, between the government of Laos and his company, would be signed in December 2009 and at present both sides were putting the final touches to this contract.
He added that on completion of the railway line there would be other expenses, though he did go into details, so that the total cost would be in the region of five billion USD and the expenditure would be spread over a period of four and a half to five years.
Speaking to a KPL News reporter last week, he added that the railway line would not end abruptly at the border, in fact, it would continue seamlessly to the Vietnamese coastal port, My Thuy.
“It meant that we would be constructing, at almost the same time a railway line from My Thuy to Lao Bao, a distance of 110 kilometres, so that on completion of the two stretches of the line, a train could run non-stop from one end to the other and vice versa,” said Mr Noor Mohamed.
Commenting on the Vietnamese project, he said that GGL had already signed an MOU with the Quang Tri People’s Committee to construct a deep sea port at My Thuy.
When it would be operational in a few years’ time, this trans-boundary railway line would become the ‘life-blood’ of the tri-nation East-West Economic Corridor, comprising Thailand, Laos and Vietnam, it would also act as a mode of transportation and at the same time facilitate communication between the various peoples, thus spurring economic growth within the corridor.
It was certain that the engines of the trains would be used to pull the boxcars that carried the minerals from the mines of mineral rich Savannakhet province in central Laos, gold, copper, iron ore and others to the Vietnamese port, My Thuy, and from there by ship to China, a country hungry for hard and soft commodities and she had been building the equivalent of one New York per year.
Commenting on the history of the current rail project, international director of this investment company said that initially, his company proposed a railway line from Vientiane (capital) to Boten, a town in northern Luang Namtha province on the Laos-China border.
But, he added, the Lao government officials suggested the present project, GLL took up this proposal and was determined to carry it out.
Talking about the history of his company, Mr Noor Mohamed said that GLL came to Laos in 2006 and up to date it also had projects in two neighbouring countries, Cambodia and Thailand.
He also said that his investment company raised money, took risks, it had private investors who channeled their money through banks and it had already secured investment funds for this bi-country rail project.
