PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605755

Primary Business Area

Infrastructure

Disclosure Date

Aug 15, 2021

Country

Lao People's Democratic Republic

Region

East Asia and the Pacific

Status

Completed

Estimated Total Budget

$350,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Apr 2, 2023

Project Estimated Start Date

Nov 30, 2021

Project Estimated End Date

Dec 1, 2021

Project Description

In a bid to improve logistics infrastructure and promote cross border trade, Government of Lao PDR has awarded a concession to VLP co Ltd and Sitthi Logistics, to expand Thanaleng Dry port and develop greenfield multi purpose logistics park. To support this project, IFC and Sitthi Logistics have signed an advisory services agreement in Dec 2020, through which IFC will assist in structuring the project to be able to attract international financing. This includes developing structured risk mitigation strategies that could arise from key legal, regulatory, technical, financial issues.

Development Results

E&S Risks / Impacts and Mitigation