Project development agreement (pda) Signing ceremony on 24th february 2008

Savanakhet Special Economic Zone – Savan Park
On 24 February 2008, the Government of Lao PDR and Malaysia based Pacifica Streams Development Co.Ltd. signed a Project Development(PDA) where both parties agreed to jointely research and develop a new commercial and industrial hub in Savannakhet Province of Laos.

Under the agreement, Savan Pacifica Develpmnet Co.Ltd. – a joint venture company formed by the Government of Lao PDR and Pacifica Streams Development (Malaysia) Co.Ltd. – will undertake the responsibility to set up and develop the Savan Park Special Economic Zone.
Savan Pacifica Development Co.Ltd. aims to promote a new economic mechanism that encourages transition from a planned to market –oriented economy in Savannakhet, thus, attracting Foreign Direct Investment (FDI) to Laos and accelerating development in the Special Economic Zone.
Savan Pacifica Development Co.Ltd. is to cooperate with the central and provincial state administrative agencies on the management, monitoring and evaluation of the implementation of state regulations and policies on labour and environment.

Savan Park is the gateway to the global market.

  • Ideally located along the Route no.9 in Savannakhet Province where the Second Friendship Bridge is only two kilometres away.
  • Situated along the EWEC (East-West Economic Corridor)- which is a 1,450 kilometers route linking Myanmar’s Mawlamyine Port and Vietnam’s Danang Port – thus, having the advantage of connecting Thailand’s Mukdahan in the west, Vietnam’s Lao Bao in the east, China’s Yunnan in the north and Cambodia in the south.
  • Only five kilometres away from the international airport in Kaysone Phomvihane District is upgraded as an international gateway to meet the transportation needs for increased goods and passenger traffic of the EWEC
  • Investors are fully protected under the laws enached for the Special Economic Zone, the Lao’s Constitution and international agreements signed by the Government of Lao PDR. Investors’ properties cannot be nationalized.
  • The Special Economic Zone is installed with 115kV/22kV sub-station to ensure stable power supply.
  • The Government of Lao PDR has introduced a series of investment incentives- the highest tax exemption period is up to 10 years.