Asia > Eastern Asia > China > Laos speeds up railway construction machinery import from China

China: Laos speeds up railway construction machinery import from China

2017/04/07

Full steam ahead for the China-Laos railway construction, Laos has speeded up machinery import from China, local daily Vientiane Times reported Monday.

Hundreds of trucks carrying machinery and equipment for construction of the China-Laos railway have entered Laos next being delayed at the border. A appropriate lane has presently been allocated at the Mohan-Boten border crossing point to facilitate the passage of the trucks, project coordinator in northern Lao province Luang Namtha, Chanthachone Keolakhone told Vientiane Times on Friday.

A taskforce team was set up last week to man the appropriate truck lane. It will inspect and approve the imported items, which are exempt from tariff payments in Laos.

Authorities in charge met last Tuesday and Wednesday in Oudomxay and Luang Namtha provinces of northern Laos to discuss ways to accelerate the railway construction. They planned to speed up the import of machinery and equipment and arrange for compensation and resettlement for people who will have to relocate to make way for the railway.

Preparations are presently underway to start the boring of tunnels, and work is expected to begin before the upcoming rainy season, Deputy Minister of Public Works and Transport Lattanamany Khounnivong said on Friday.

"Tunnel entrances are being prepared for boring. We expect to begin boring before the rainy season and once the rain comes we can work inside the tunnels," said Lattanamany.

Related Articles
  • Life after Rosneft deal: CEFC ambitions face debt, regulatory hurdles

    2017/09/17 CEFC China Energy is considering additional deals next recently snapping up a $9.1 billion stake in Russia's Rosneft, industry sources said, shrugging off a growing deficit pile and rising regulatory scrutiny. Privately owned CEFC, in just a few years, has gone from a niche oil trader to a $25 billion conglomerate with strong political ties and a rare arrangement to store part of the country's strategic oil reserve. Its ambit presently extends beyond oil assets to infrastructure and even financial services. It is one of a handful of conglomerates in China with all financial services licenses, owning or controlling banks, an insurer, a brokerage firm, a trading platform and several funds, according to its website.
  • Life after Rosneft deal: CEFC ambitions face debt, regulatory hurdles

    2017/09/17 CEFC China Energy is considering additional deals next recently snapping up a $9.1 billion stake in Russia's Rosneft, industry sources said, shrugging off a growing deficit pile and rising regulatory scrutiny. Privately owned CEFC, in just a few years, has gone from a niche oil trader to a $25 billion conglomerate with strong political ties and a rare arrangement to store part of the country's strategic oil reserve. Its ambit presently extends beyond oil assets to infrastructure and even financial services. It is one of a handful of conglomerates in China with all financial services licenses, owning or controlling banks, an insurer, a brokerage firm, a trading platform and several funds, according to its website.
  • Former Fed official Fisher: China could be the key to solving the North Korea crisis

    2017/09/16 Richard Fisher, the former Federal Reserve official and current top advisor at Barclays, said Friday he is looking for China to play a pivotal role in resolving problems on the Korean Peninsula. Following North Korea's new missile launch before in the day, Fisher said the current U.S. government's strategy in getting nations to acknowledge on sanctions against North Korea was a "step in the right direction." He acknowledged, however, that recent steps taken by the international community were likely less severe than the White Home would've like.
  • Zhongwang Acquires German Alumnium Extrusion Firm ALUnna

    2017/09/16 The world’s second major aluminium extrusion firm China Zhongwang Holdings Ltd announced yesterday that it presently holds a controlling interest in German aluminium extrusion firm Aluminiumwerk Unna AG (ALUnna). Although no price for the purchase was given, the transaction gives all owned German subsidiary Zhongwang Aluminium Deutschland GmbH a 99.72-% equity interest in ALUnna. According to experts, the purchase enhances Zhongwang’s position in the world aviation market inclunding giving the firm a stronger foothold on the European continent.
  • China’s Aluminium Production Drops for Second Consecutive Month

    2017/09/16 In a sign that China’s aluminium juggernaut may finally be losing steam, numbers from the Middle Kingdom indicate that the country’s non-ferrous metals output reached a one-year nadir last month. Production of ten non-ferrous metals, namely copper, aluminum, lead, zinc, nickel, tin, antimony, mercury, magnesium, and titanium, dropped by 2.2 % last month to a total output of 4.42 million metric tons. Though China’s aluminium sector has churned out 22.17 million metric tons over the year’s initial eight months, good for a 6.1-% rise year-on-year, primary aluminium production fell by 3.7 % year-on-year in August. That was the second consecutive month of declines, dropping output to the lowest level it’s been since April 2016. The official data, which was released yesterday, represents the country’s lowest in general output in twelve months and is the initial year-on-year decline since December 2015.