Government of Lao PDR and Zhongmin Group Signing Cooperation Agreement
Invited by Dr.Khampheng SAYSOMPHENG, Central Committee Member of Lao PDR, Mr. Liu Zhenxin, Chairman of Zhongmin Group attended the signing ceremony of cooperation agreement in Vientiane on Jan. 26. The signing of this agreement is to push forward the investment and progress of construction of Savannakhet Airport and roads in Laos.
Dr.Khampheng SAYSOMPHENG, Central Committee Member of Lao PDR, and Mr. Liu Zhenxin, Chairman of Zhongmin Group
Dr.Khampheng SAYSOMPHENG, Central Committee Member of Lao PDR stated that the government of Laos is very supportive of “One Belt, One Road”, “Maritime Silk Road” and other national strategies proposed by China. China and Laos share long-lasting and deeply-rooted friendship through history. In recent years, the two countries are strengthening and developing the mutual strategic cooperative partnership, in the areas of business and trade, infrastructure construction, education, culture exchange and national defense.
Discussion of two parties during the meeting
Mr. Liu Zhenxin, Chairman of Zhongmin Group stated that the relation between China and ASEAN is becoming increasingly important due to China’s “One Belt, One Road” strategy. Geographically, ASEAN is the key hub of “21st century Maritime Silk Road” and there will be huge opportunities in infrastructure construction between the two countries. Zhongmin Group strives to use the concept of “industry cooperation” as the link to push forward the bilateral cooperation in infrastructure cooperation.
It is known that the total amount of investment will be approximately 500 million USD based on the cooperation agreement, including the construction projects of Savannakhet Airport and roads in Laos, which will be expected to be in design stage in April this year, and will be under construction in the second half of the year.