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Agricultural Development Bank of China
Project

Chinese company to build life center in Vientiane, Laos

November 20, 2018


Abstract : China National Complete Plant Import & Export Corp., Ltd. (COMPLANT) recently announced that it had signed a contract with Lao firm Krittaphong Group Co., Ltd. to build a life center in Vientiane, capital of Laos.

1510551596092473

BEIJING, Nov. 20 (Xinhua) -- China National Complete Plant Import & Export Corp., Ltd. (COMPLANT) recently announced that it had signed a contract with Lao firm Krittaphong Group Co., Ltd. to build a life center in Vientiane, capital of Laos.

According to the company's announcement, the life center to be built will include a shopping mall, apartments and a multi-storey garage, covering a total construction area of 66,000 square meters.

The project contract comprises designing and construction (including civil construction, installation, fine decoration, weak current engineering, gardening, etc.) of the life center.

The project value is tentatively estimated at 335,259,700 yuan (about 48.28 million U.S. dollars). After the construction drawing design is completed, the amount will be determined by a supplementary agreement.

The contract period is 2 years from the starting date of construction.

COMPLANT is a Chinese company focusing on complete equipment export and project contracting in industry, transportation, infrastructure etc.

Krittaphong Group Co., Ltd.'s core business covers construction, hotel and tourism, real estate development and investment consultancy. Its registered capital reached nearly 50 million U.S. dollars in 2012. (Edited by Li Wenxin, Yang Qi, liwenxin@xinhua.org)

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Keyword: China-Laos

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