China-invested cement plant inaugurated in Laos
Updated: 2015-12-04 10:20
(Xinhua)
|
|||||||||||
Zhang Dejiang (R front), visiting chairman of the Standing Committee of China's National People's Congress, and Lao President Choummaly Sayasone (L front) attend the groundbreaking ceremony for the construction of the China-Laos railway project in Vientiane, Laos, Dec 2, 2015.[Photo/Xinhua] |
The inaugural ceremony was attended by Lao Deputy Prime Minister Somsavad Lengsavath, who also cut the ribbon for the commence of the factory.
Addressing the ceremony, Governor of Khammouane province Oday Soudaphone said the inauguration of the cement factory is a gift for Lao people on the occasion of the 40th anniversary of the establishment of Lao People's Democratic Republic from the Chinese side.
The Jixiang cement factory, with an investment of $120 million, is a BOT (Build, Operate and Transfer) project signed between China's Yunnan Provincial Energy Investment Group and Lao Ministry of Planning and Investment in March, 2012.
Duan Wenquan, Chairman of China's Yunnan Provincial Energy Investment Group, said at the ceremony that his group will continue to further participate in Laos' infrastructure construction projects following the Belt and Road Initiative proposed by China.
A representative of China's Yunnan Provincial Energy Investment Group told Xinhua that the designed capacity of the factory is 1 million ton a year, accounting for 20 percent of Laos' total cement production capacity. The factory will focus on production for major infrastructure projects in Laos and the China-Laos railway construction, a ground-breaking ceremony of which was held in capital Vientiane on Wednesday.
Related Stories
From commodities to satellites: China, Laos seeing more cooperation 2015-12-01 10:44
China, Laos to kick start joint railway in December 2015-11-30 13:45
China, Laos sign railway deal 2015-11-14 11:22
China plans $31b investment for border zone with Laos 2015-10-20 10:46
China pledges to advance ties with Laos 2015-09-02 14:51
Today's Top News
Xi in South Africa to boost China-Africa cooperation
SOEs face headwinds as 21% witness profits decline
President Xi arrives at South Africa for state visit
China ready for risks after yuan included in SDR
Premier League coaches to aid China's soccer goal
Chinese companies invest in City Football Group
Investment expected as Xi arrives in Zimbabwe
Xi's Zimbabwe visit to elevate bilateral ties to new high
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Xi just needs to turn up for a grand welcome |
Stepping up |
Rural families still hope for male heirs |
Blue skies over Beijing ... for now |
V-Day parade for 70th WWII anniversary |
Tianjin blasts: Death, damage and bravery |