VIENTIANE (Vientiane Times / Asia News Network): Thanaleng Dry Port (TDP) and Vientiane Logistics Park (VLP) held a ritual alms giving and merit ceremony on Tuesday, November 30 to offer their best wishes to the mega project and to its developer before the inauguration scheduled for December 4.
Nine monks were invited to the auspicious ceremony, which took place at the project office in Dongphosy village, Hadxaifong district, Vientiane.
The dry port and logistics park are part of the Lao Logistics Link (LLL) project and Laos National Logistics Strategy for 2016-2030, which will boost the government’s efforts to transform Laos from a landlocked country to a landlocked country. land link.
The developer of the dry port and logistics park launched a soft opening on September 7, 2021, to test the service systems in preparation for the grand opening.
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 free movement of trucks and goods.
With this streamlined procedure and related facilities, cross-border transport costs, especially at the Vientiane-Nong Khai border post, are expected to drop 40% from current prices by 2025.
Scheduled to be linked to the Laos-China railway, which is expected to become operational on December 3, the dry port will eventually be linked to global transport systems via rail to European markets.
The developer of the dry port said transporting goods from Southeast Asia to Europe by rail will take just over 10 days. It is much shorter than shipping by sea, which takes about 45 days.
Initially, it is expected that at least 300,000 containers from Laos, especially TDP, will be shipped by train to Europe via China each year. Later, it is estimated that shipments will increase further to reach between 1.2 and 1.8 million containers per year.
Therefore, the US $ 727 million TDP and VLP project is expected to strengthen the government’s vision for Laos to become a logistics and transport hub for countries in the region.
The dry port will also be connected to a planned railway connecting Vientiane to the seaport of Vung Ang in Vietnam’s central Ha Tinh province. Indonesia.
Developed on a 382 hectare site with a 50-year concession, the project includes 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 trade area.
5. Export processing area.