KPL
(KPL) The Laos-China Expressway Development Cooperation Co., Ltd has announced that as from Jan 1, 2023 its new toll rates for Vientiane-Vangvieng expressway will be based on the fluctuation of the US currency.
(KPL) The Laos-China Expressway Development Cooperation Co., Ltd has announced that as from Jan 1, 2023 its new toll rates for Vientiane-Vangvieng expressway will be based on the fluctuation of the US currency.
In June 2022, the company announced that it had to base its toll rates on the values of the US dollar as its business was affected by sharp depreciation of the Lao kip against the US currency.
Vientiane-Vangvieng expressway is the first section of the Laos-China expressway which stretches between Vientiane and Laos-China border in Luang Namtha. The expressway will travel through Vientiane, Vientiane Province, Luang Prabang, Oudomxay and Luang Namtha.
Developers of the Laos-China highway recently said that the first section of the Laos-China expressway construction project lying between Vientiane and Vangvieng has been completed and was opened for public use on Dec 20, 2020.
The section, 109.11 km-long, was built between 2018 and 2020 at a cost of US$1,192 million by China’s Yunnan Construction and Investment Holding Group. It is being operated as a build-operate-transfer (BOT) project.
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