China to invest and develop the Settalite Project in Laos

On the 11th of July 2012,Mr Thongsing Thammavong Prime Minister of Lao PDR  welcomed the visiting of Chinese Delegation from Industry and Information Xinhai Chengdu Group,the delation led by Prof Dr Chao Hibing,the Prof of Economic of Xinhai Group.
Mr Prime Minister had welcomed warmly and praised the delagation that visiting and working in Lao PDR which would boost the cooperation and relationship between two nations and people,
The delegation has disscused about the investment and development of Settalite project in Laos ,apply the orbit position  126°E  of Lao PDR
Two sides have signed the contract on 15 June 2012, the agreement has signed as below:
- the investment company ,
- Business development and the application of orbit position  126°E of Lao PDR
-Establishment  the information of Settalite industry in Laos PDR  in Particular, building the settalite Industry zone including the Research station, Communication accessories production station and Technology software , the dormitory for experts
 the investment fund approximately  US$ 960 million or around 7.680 billion kip, the registration fee  US $300 million
the funds will be investing by the Chinese Electronic xinhai chengdu company plus the materials and other Technical supports , as for the Laos government will invest in resources, the right of orbit position  126°E , Building land and others

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