PM visits development projects in Xayaboury
Prime Minister Thongsing Thammavong visited two development projects in Xayaboury province last week, the construction of a cement plant, and the Xayaboury hydropower dam.
PM Thongsing on Friday visited the site where a cement plant is being constructed by investors from China.
The project site covers an area of 150 ha in Xayaboury district's Naxam-Phaxang village, of which 35 ha are for the plant's construction, three ha for harvesting clay and 112 ha for harvesting rock.
The investors will put US $25 million into the project, which has a 50-year concession term with US$9 million of the capital being registered.
The project is around 70 percent complete and will begin business operations later this year.
On the same day Mr Thongsing also visited the Xayaboury Dam, the construction of which is around 40 percent done.
The completion of the US$3.8 billion project, which has an installed generation capacity of 1,285 megawatts, is planned for 2019.
Talking to the personnel at the project site, Prime Minister Thongsing said he hopes the project will be completed according to schedule.
By Times Reporters
(Latest Update February 16, 2015)