New China, Laos Railway Expected to Help Cargo Flow
A new railway connecting Laos and China officially opened Dec. 3, which is expected to significantly cut freight transportation costs and boost trade, the Hong Kong Trade Development Council reported Dec. 14. The railway connection between Laos’ capital Vientiane and…
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the Chinese border crossing at Boten will operate 14 freight services daily and travel time will be significantly reduced, HKTDC said. It’s also expected to cut cargo transportation costs by about 30% to 50% and improve trade volume between the countries by about 3.7 million metric tons by 2030.