Monday, December 06, 2021

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South Korea to support airport development project in Laos

South Korea to support airport development project in Laos

Seoul, May 18 (Prensa Latina) Korea Airports Corporation (KAC) will participate in the Luang Prabang airport development project in Laos, official sources said on Tuesday.
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According to the South Korea’s Airports Corporation, the Ministry of Planning and Investment of Laos selected it as the provider of feasibility studies for the aforementioned project.

In January, the Government of Laos launched the bid for the first stage of the feasibility study as a public-private cooperative investment program to upgrade the air terminal in its former capital.

The South Korean company guaranteed that it has experience in overseas airport development projects, and that it has the support of the Ministry of Land, Infrastructure and Transport and the Overseas Urban Development and Infrastructure Support Corporation.

As its first mission, KAC will conduct an airport development feasibility study, such as aircraft demand forecasting, airport operating system improvement plan and environmental impact assessment.

Subsequently, the company’s leaders noted that they plan to boost the improvement and expansion of airport facilities on a large scale through the formation of a Consortium.

The plan is scheduled to last 15 years in accordance with the feasibility study and investment decisions in Laos, at a cost of approximately 100 billion won (about 89 million US dollars).

However, KAC members stated that the organization and the size of the project may change according to the feasibility study.

Luang Prabang was the capital of Laos’ royalty until 1975, and is now a famous tourist destination in the northern region of the country, primarily due to its Buddhist temples.

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