KPL
(KPL) The ongoing construction of 1,350-meter fifth Lao-Thai Friendship Bridge is now 70 per cent completed.
(KPL) The ongoing construction of 1,350-meter fifth Lao-Thai Friendship Bridge is now 70 per cent completed.
The construction across the Mekong River, is set to open in 2024 to boost border travel between Laos and Thailand and spur trade with other countries in the Greater Mekong Subregion.
The bridge links Bolikhamxay province, Laos to Thailand's northeastern province of Bueng Kan.
The bridge is expected to open to traffic in 2024.
Upon the bridge is completed, it will enable Bolikhamxay to become another regional trade hub and transit route. It will help promote cross-border trade, investment and tourism, bolster economic growth in Laos and Thailand, and strengthen ties between the two neighbors.
The total construction cost is estimated to be 130.3 million U.S. dollars, of which Laos will be responsible for some 46.13 million U.S. dollars. Laos' construction costs will be financed by Thailand's Neighboring Countries Economic Development Cooperation Agency through the provision of loans.
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