Govt saves 3.5 trillion kip from overvalued projects

The government has saved more than 3.5 trillion kip (almost US$419 million) by preventing the money being spent on overvalued projects, a minister has told the National Assembly.

The artificially inflated costs were revealed during an inspection into state-funded projects, Minister of Public Works and Transport Dr Bounchanh Sinthavong told the Assembly’s ongoing sixth ordinary session last week.

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Souksakhone Vaenkeo