Last Updated:
24 Jun 2021

PPIAF Supports Developing Highway PPPs in Lao PDR

Over the past several decades Lao PDR has experienced rapid economic development, averaging 8% annual GDP growth. To achieve the country’s development goals, strengthen regional trade links and reduce rural poverty, Lao PDR requires significant investment across infrastructure sectors. Traffic volume in the country has been growing significantly, mirroring the growth rate of the country’s GDP. The number of vehicle (including motorcycle) registered increased from 200,000 in 2002 to 1.3 million in 2012.