Lao and Thai authorities have agreed to jointly undertake a feasibility study on more dam projects on the Mekong river for the purpose of hoarding water for irrigation in the dry season. The agreement was reached during the Thai Prime Minister's 2-day visit to Vientiane last week.
The two sides also agreed to accelerate the construction of two more bridges over the Mekong river, one connecting Thakek and Nakorn Phanom, and the other linking Huay Xai in Laos' Bokeo province to Chieng Khong in Thailand's Chieng Rai province.
The Thai government will pay for the construction of the Thakek-Nakorn Phanom bridge, at a cost of appraoximately 1.4 billion Bahts. Thailand will also pay for half the cost of the other bridge with China paying for the remaining half. The two governments are expected to sign an agreement on the Huay Sai-Chieng Khong bridge in the upcoming MRC summit at the end of March.
The Thai Prime Minister also said he will encourage Thai businesses to invest more in Laos, especially in the energy and mining sectors and specifically iron ore mining.
Listen to our Laos Today report for more details in Lao.