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China-Laos Railway Set to Open by Year-End

China-Laos Railway Set to Open by Year-End Photo: VCG Laos first-ever modern railway is slated to open for use in December 2021, promoting wider people s exchanges and new business opportunities. Importantly, it is being seen as a major achievement for China’s Belt and Road Initiative (BRI). The new railway will connect Vientiane, the capital of Laos, to Boten, a town bordering China, a distance of about 422 kilometers. It is the Southeast Asian country s largest public works project ever, with a price tag of around $5.9 billion, nearly one-third of Laos’ GDP. It will carry both passengers and freight, with a maximum speed of 160 km per hour. Apart from the two terminals, there will be eight stations in between for passengers.

HSR cancellation  may dampen growth rate of properties in Johor

The termination of the Kuala Lumpur-Singapore high-speed rail (HSR) project may impact the accelerated growth rate of property developments in Johor, say industry experts. “We are still waiting for more information on how this will pan out in the coming months. The Covid-19 pandemic has thrown a spanner in the works as resources will be used to combat this plague and restore the economy,” says Samuel Tan, executive director of KGV International Property Consultants (Johor) Sdn Bhd, in an email interview. “We believe the original idea of having a common AssetsCo is critical to the success of the HSR project. Both countries having a common rail line must be committed to a similar system in procurement and operation of the system. As a long-term arrangement, a common AssetsCo will mitigate disputes with regards to cost management, 

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