The groundbreaking ceremony for constructing the smart city took place in Vientiane Capital on Jan 13, attended by the Mayor of Vientiane Capital, Mr. Atsaphangthong Siphandone, Lao Phattana News reports.
Managing Director of Phongsavanh Bank, Mr. Phaiboun Phongsavanh says that the smart city project’s structures and facilities will be constructed on 1,500 hectares of land, with Phongsavanh Group contributing to the project’s design and development on 300 hectares.
The project would cost about USD 580 million to construct and cover 300 hectares of land, said Mr. Phaiboun Phongsavanh.
“The Smart City development by Phongsavanh group will be comprised of six zones, including residential zones, public, and transport zones, green and industrial zones, commercial area areas, hotels, and other facilities zones,” Mr. Phaiboun added.
According to laotiantimes.com