Malaysian company Giant Consolidated Ltd (GCL) is set to play a major role in
transforming the face of Laos’ transportation system with the construction of a
220km electrified double track railway.
The project, which is estimated to cost US$5bil (RM15bil), is
also expected to result in the advancement of economic activities in Laos as it
will see the land-locked state be turned into a land-linked one in 2017.
Coincidentally, this will be the largest investment made so far
by a Malaysian company here, with the US$5bil to be spent over a period of 10
years.
Tock said he and GCL president and chief executive officer Mohd
Fadzwi Hamidun together with their local partners Dr Aixinjueluo Yuhao and Bounmy
Thepphavong of Asia Economic and Trade Cooperation Council (AETCC) had worked
hard to see this project be realised because of the tremendous potential it has
in boosting economic activities in Laos.
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