PROCUREMENT NEWS

Malaysia : Malaysian company in US$5 billion railway deal in Laos

Published 06 Nov 2012

A little known Malaysian company, Giant Consolidated Ltd, has won a US$5 billion deal to build a 220 kilometre rail link in Laos, a spokesman for the Prime Minister\'s department confirmed on Monday.

Malaysia\'s prime minister, Najib Razak, on a working visit to Laos, is scheduled to witness the signing ceremony between the Malaysian firm and the Laotian government in Vientiane on Monday, the spokesman added.

Giant Consolidated, a unit of Giant Group Ltd, will build an electrified double-track standard gauge railway from Savannakhet to Lao Bao, near the country\'s border with Vietnam.

No further details were available and company officials could not be reached for comment.

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