Laos link finds Indian investment

A new highway project in Laos will see the rebuilding of a 165km section of highway. The project is expected to cost US$165 million to carry out. The work will be carried out by a consortium, headed by the Singapore subsidiary of Indian firm Infrastructure Leasing & Financial Service Transportation's (3148 IL&FS). The project will include the construction of 33 bridges in all. The Laos Government will pay a 60% chunk of the project costs during the 42 months it is expected to take to finish the building of the link. The remaining 40% of the highway cost will then be paid out over a seven year period.