ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
The Future of Asia 2018

Laos 'not concerned' about debt from China's Belt and Road

Prime minister downplays fiscal risk from $5.8bn high-speed rail project

Laos Prime Minister Thongloun Sisoulith speaks about his country's efforts to go from "landlocked" to "land-linked" at the Future of Asia in Tokyo on June 12. (Photo by Maho Obata) 

TOKYO -- Laos is unconcerned about the potential debt burden from a Chinese-led high-speed rail project, its prime minister said on Tuesday, describing the terms of the construction agreement as "favorable" to one of Southeast Asia's poorest countries.

The high-speed rail link, begun in 2016 as part of China's Belt and Road initiative, will connect Kunming in southern China and the Laotian capital of Vientiane, stretching through other Southeast Asian countries all the way to Singapore.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more