This document discusses an innovative project finance model used to fund road infrastructure development in Laos. The model uses the future appreciated land value created by new road construction to help fund the present costs. Specifically, it involves: 1) Exchanging land near the planned road for land further away at a 10:1 ratio, or exchanging for cash which is raised through land sales. 2) Auctioning off land surrounding the new road, which is expected to greatly appreciate in value, with proceeds funding the road's construction. 3) This reduces the government's cash needs, lowers borrowing costs, and benefits local landowners - providing a sustainable model for infrastructure development in developing countries.