VIENTIANE (Vientiane Times / Asia News Network): A grand opening of Thanaleng Dry Port (TDP) and Vientiane Logistics Park (VLP) took place on December 4, marking the start of streamlined services to facilitate and reduce the costs of transport and related. spent.
Prime Minister Phankham Viphavanh was asked to pull a lever to officially launch the megaproject in Dongphosy village, Hadxaifong district, Vientiane.
On this auspicious occasion, the Prime Minister also struck a gong nine times, to symbolize the wishes of success for the historic project.
Soon after, the prime minister cut a ribbon to send trucks loaded with freight to destinations in Cambodia, Thailand and Vietnam.
Addressing the grand opening ceremony, Vientiane Logistics Park Co., Ltd. Chairman Chanthone Sitthixay told guests that the TDP and VLP facilities are part of the Party and government efforts to transform the Laos to be landlocked as a provider of ‘Land Link Transit Transport Services’ to the region and the world.
Built on 382 hectares of land, the $ 727 million TDP and VLP will offer comprehensive facilities related to freight transportation and cross-border transportation logistics. The project, which comes with a concession period of 50 years, is fully developed by the Laotian company Vientiane Logistics Park Co., Ltd.
Construction of the dry port and logistics platform began in December 2020 and the project is expected to be fully completed within the next two years.
“When the TDP and VLP are fully operational, they will have important results for the economy, the general public and the people of Laos,” Chanthone told the guests.
At the opening ceremony, senior officials, executives and employees of the company and guests attended the opening ceremony.
The following benefits for Laos are envisioned when both facilities are fully operational:
Large-scale standardized infrastructure that provides “land link transit transport services” for the region and the world.
New sustainable source of income.
Transparent source of income assured.
At least 50 percent reduction in transportation costs.
Chanthone expressed his sincere thanks and gratitude to the Party and state leadership for supporting the project, which he said made it possible.
Located in a prime location next to the Laos-Thailand train station and the Laos-Thailand Mekong 1 Friendship Bridge, the dry port acts as a border control point for cargo, similar to a transit area based on a seaport. or an airport or international arrival area, where procedures are streamlined to allow the smooth flow of trucks and goods.
Scheduled to be linked to the Laos-China railway, which entered service on December 3, the dry port will eventually be linked to global transport systems via rail to European markets.
It will take a little over 10 days to ship goods from Southeast Asia to Europe by train. It is much shorter than shipping by sea, which takes about 45 days.
The dry port will also be connected to a planned railroad connecting Vientiane to the Vung Ang seaport in Vietnam’s central Ha Tinh province. By this route, the containers could reach countries and regions like South China, Japan, Republic of Korea, Russia, Philippines and Indonesia.
Addressing the inauguration, Minister of Public Works and Transport Viengsavath Siphandone said Thanaleng Dry Port and Vientiane Logistics Park and their modern service systems will significantly reduce the cost of logistics.
This cost reduction, the minister added, would increase Laos’ trade competitiveness and stimulate investment.
“It will be a significant contribution to economic growth,” he said.
Viengsavath pledged that the government and his ministry will continue to support and facilitate the project. Developed solely by the Lao investor, the project comprises five zones offering various business incentives and opportunities for investors, including tax breaks.
The zones are as follows:
1. Thanaleng Dry Port (TDP) – the center of international import and export trade with all categories of customs operations.
2. Tank Farm – a fuel distribution center for Laos.
3. Logistics Park – a warehouse and distribution center.
4. Free zone.
5. Export processing area.