Laos’ international standard dry port receives funding boost

Vikram Kumar, IFC’s Infrastructure Business Development Manager for Asia and the Pacific at the signing ceremony. - VT

VIENTIANE (Vientiane Times/Asia News Network): The Thanaleng Dry Port, part of an integrated logistics facility in the capital Vientiane, has received new financing for its development and equipment costs to modernise and deliver world-class services.

The International Finance Corporation (IFC), as the lead arranger, has arranged a financing package of US$67 million to fund the development, construction, and equipment costs of the dry port, which is part of the country’s first-ever integrated Vientiane Logistics Park (VLP).