In a keynote speech delivered at the 8th World Bank-Singapore Infrastructure Finance Summit on April 5th, Heng said these infrastructure development opportunities come as member states strive towards the ASEAN Economic Community (AEC) 2025 vision, which has infrastructure linkages as one of its primary goals, and amid rapid urbanisation within the region.Citing figures from ADB, the minister said Southeast Asia’s infrastructure investment needs will total USD2.8 trillion between 2016 and 2030, or about USD184 billion annually.Heng noted that much of the responsibility for infrastructure spending has traditionally fallen on the shoulders of the governments. While ASEAN must continue to prioritise infrastructure spending to sustain growth, it needs to look beyond the public sector to finance these expenditures, he added.Singaporean Minister of Finance Heng Swee Keat delivers a speech at the 8th World Bank-Singapore Infrastructure Finance Summit (Source: … [Read more...] about ASEAN urged to attract more private capital in infrastructure
Infrastructure
PM approves infrastructure investment for economic zones
By 2020, some 200km to 250km of main roads, drainage works, and concentrated waste water treatment with a capacity of 13,000m3/day to 14,000 m3/day, and other technical and social infrastructure for resettlement sites will be built in 16 coastal economic zones. — Photo baoquangninh.com.vn Prime Minister Nguyen Xuan Phuc has given the green light for infrastructure development worth up to VND21 trillion (US$921 million) for economic zones and industrial parks in the 2016-2020 period. The programme aims to develop comprehensive technical and social infrastructure for these areas, which will lay the foundation and create favourable conditions for calling and promoting large-scale investment projects. The plan comprises five components, including infrastructure investment for coastal economic zones, border gate economic zones, industrial parks and industrial clusters, hi-tech parks, and hi-tech agriculture zones. The total cost is estimated to be some VND21 trillion, of which the … [Read more...] about PM approves infrastructure investment for economic zones
Vietnam to spend VND21 trillion on industrial park infrastructure
Nearly VND21 trillion (US$924 million) will be invested in the development of infrastructure for economic zones and industrial parks in Vietnam as part of a plan recently approved by Prime Minister Nguyen Xuan Phuc. The move is expected to make Vietnam's economic zones more attractive to investors The plan is designed to improve the local infrastructure in order to attract more investment into these zones by 2020. Specifically, Vietnam aims to complete 200-250 kilometers of roads and wastewater treatment facilities with a daily capacity of 13,000-14,000 cubic meters in 16 coastal economic zones, with a further 200-250 kilometres of roads and wastewater treatment capacity of 300-400 cubic meters a day for 21 border economic zones. At the same time, 80-100 kilometers of roads will be built for 30-35 local industrial clusters in disadvantaged areas. Water drainage systems, wastewater treatment facilities and power supply systems will also be built for hi-tech parks. The plan … [Read more...] about Vietnam to spend VND21 trillion on industrial park infrastructure
PM approves $921m infrastructure investment for economic, industrial zones
Prime Minister Nguyen Xuan Phuc has given the green light for infrastructure development worth up to VND21 trillion (US$921 million) for economic zones and industrial parks in the 2016-2020 period. By 2020, some 200km to 250km of main roads, drainage works, and concentrated waste water treatment with a capacity of 13,000m3/day to 14,000 m3/day, and other technical and social infrastructure for resettlement sites will be built in 16 coastal economic zones. - Photo baoquangninh.com.vn The programme aims to develop comprehensive technical and social infrastructure for these areas, which will lay the foundation and create favourable conditions for calling and promoting large-scale investment projects. The plan comprises five components, including infrastructure investment for coastal economic zones, border gate economic zones, industrial parks and industrial clusters, hi-tech parks, and hi-tech agriculture zones. The total cost is estimated to be some VND21 trillion, of which the … [Read more...] about PM approves $921m infrastructure investment for economic, industrial zones
$1.2 billion spent on infrastructure in coastal economic, industrial zones
The program has five parts including investment in coastal economic infrastructure, in border economic zones, in industrial parks and groups of industrial parks, spending in high-tech sections; and in high-tech adopted farms. The program costs over VND20,982 billion ($1.2 billion). Of which, more than VND16,676 billion is taken from the state budget and local state budget and other legal sources are estimated over VND 4,215 billion. Noticeably, the program strives to build from 200 kilometer to 250 kilometer roads, wastewater treatment construction, technique infrastructure and resettlement areas by 2020 in 16 coastal economic zones mostly in eight major zones.By PHAN THAO - Translated by UYEN PHUONG Tags: $1.2 billion infrastructure coastal economic industrial zone … [Read more...] about $1.2 billion spent on infrastructure in coastal economic, industrial zones