Laos, China Ink Hydropower Cooperation Deals

June 12, 2012

Vientiane Times

Laos and China reached a cooperation deal in Vientiane on Sunday when
both sides signed 10 agreements to enhance bilateral relations and
economic cooperation.

The agreements were signed during an official visit to Laos by
Standing Committee member of the Political Bureau of the Communist
Party of China (CPC) Central Committee, Mr He Guoqiang, from June
10-12, according to a press release from the Lao People’s
Revolutionary Party (LPRP).

Mr He, who is also Head of the CPC Central Commission for Discipline
Inspection, led a high-level delegation of the CPC to visit Laos in
response to an invitation from the LPRP’s Central Committee.

Politburo member of the LPRP and Head of the State-Party Inspection
Committee, Dr Bounthong Chitmany, led a high-level delegation of the
Party in talks with their Chinese counterparts on the same day.

Both sides hailed their sound bilateral relations and cooperation,
deemed by the leaders of both sides as ‘good neighbours, good friends,
good comrades and good partners’.

Vientiane and Beijing signed 10 agreements to deepen their long-
standing relations and cooperation, which has been raised to the level
of a comprehensive strategic cooperative partnership.

Standing Member of the LPRP’s Politburo, Mr Bounnhang Vorachit,
witnessed the signing of the agreements.

The agreements inked included one on technical and economic
cooperation between the two governments.

Two loan agreements were signed in which the Chinese government will
provide soft loans for the Nam Khan 3 hydropower project and for road
improvements in Vientiane in preparation for the 9th Asia-Europe
Meeting Summit in November.

Laos’ Ministry of Planning and Investment and China’s Sinohydro
Corporation inked a concession agreement for Phase I of the operation
of the Nam Ou hydropower project.

Vientiane and Beijing also signed a memorandum of understanding on
Xebanghieng River hydropower projects 1 and 2.

A document in which the Chinese side provides office equipment worth
more than 1.2 billion kip (one million yuan) for use in the LPRP’s
office was also signed.

Both sides inked a memorandum of understanding an d agreement on
cooperation to build a Laos-China primary school worth more than 3.3
billion kip (US$420,000) in Nongping village of Chanthabouly district,

During the talks, Dr Bounthong represented the Party, government and
people of Laos in expressing gratitude to the Party, government and
people of China for the valuable assistance and support extended to

He said he highly valued the visit of the Chinese delegation, which
further enhances the relations and cooperation between the two
parties, governments and peoples. Dr Bounthong reaffirmed that he
would continue to work with the Chinese side to enrich relations and

For his part, Mr He congratulated the progress made by the Lao people
in developing their country.

Both sides briefed their counterparts on the socio-economic
development situation in their respective countries and discussed
regional and international issues of common interest.


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