Laos railway project

BEIJING: China aims to complete laying a 418-kilometre (260-mile) railway from a border town to Laos by 2020, the official China Economic Herald reported, as the economic giant seeks a new route into the emerging markets of Southeast Asia. The two countries agreed on Friday to jointly build a 40-billion yuan ($6.28 billion) railway from the border town of Boten to the Laos capital Vientiane, the Herald reported. The deal was announced at a signing ceremony attended by senior officials from the National Development & Reform Commission the country’s top economic planner, China Railway Corporation and the Export-Import Bank of China, the paper said.