Overvalued project costs more than double standard price: Lao minister
VIENTIANE (Vientiane Times/ANN) – Many state infrastructure development projects were found to be hugely overvalued with some priced at more than double the standard unit price, a minister has said.
The government could save more than 3.5 trillion kip (almost US$419 million) from these following inspections into the projects, Minister of Public Works and Transport, Dr Bounchanh Sinthavong told local media on Monday.
Souksakhone Vaenkeo
