Infrastructure

At the forum (Source: ADB) Hanoi (VNA) – The Asia Infrastructure Forum took place in Singapore on October 2 – 3, with over 800 local and regional policymakers, investors and representatives from infrastructure companies discussing measures to meet the growing regional infrastructure needs. The two-day forum was organised by Infrastructure Asia (IA), which was established by Enterprise Singapore and Monetary Authority of Singapore to support infrastructure financing and development in the region. Speaking at the event, IA Executive Director Seth Tan noted that his department is strengthening the work with stakeholders across the infrastructure ecosystem to match the demand and supply in Asia's infrastructure development. At the forum’s session on infrastructure market place, Lim Chze Cheen, head of ASEAN connectivity division, listed five strategic areas of the Master Plan on ASEAN Connectivity 2025, namely sustainable infrastructure, digital innovation, seamless … [Read more...] about Forum held to propel forward Asian infrastructure development

Sun World Ha Long Complex (Photo: halongwave.vn) Quang Ninh (VNA) – The private economic sector has played an important role in creating a facelift to the infrastructure development in the northern coastal province of Quang Ninh over the recent past. Large-scale projects spring local development According to Chairman of the provincial People’s Committee Nguyen Duc Long, it would take the province 10 years to complete its comprehensive and modern infrastructure if Quang Ninh only relied on State allocation and local budget. However, the province has made a quantum leap with various measures taken to lure private investment. Long said thanks to concerted efforts to improve local business climate, the province secured 36 trillion VND (1.55 billion USD) during 2015-2018 to develop transport projects, three quarters of which were mobilised from the private sector. A line-up of investors have come to the province to build key transport projects under build-transfer (BT), … [Read more...] about Quang Ninh:Private sector breathes fresh air into local infrastructure

Vietnam needs to address the shortcomings in its port infrastructure to fully benefit from its economic development. Vietnam’s 3,000 km of coastline and 320 ports increasingly play an important role in global trade. Container traffic rose 3 per cent year-on-year in the first half, while Hong Kong’s fell 8 per cent. With a high number of supply chains shifting to Vietnam, it makes sense that shipping demand is increasing and Vietnam’s long-term economic trajectory is likely to see this demand continue for years to come. The government wants the country’s seaports to handle 200 million tons of cargo by 2020 and double that amount by 2030. While this planning becomes reality, investors that need ports for imports or exports need to consider regional variations in the quality of port infrastructure before setting up. Competitiveness of local ports Economic growth in Vietnam has led to a significant increase in freight traffic over the last decade, highlighting … [Read more...] about Change overdue in port infrastructure

Minister of Finance Dinh Tien Dung (R) and OFID Director General Abdulhamid Alkhalifa exchange the signed agreement at the ceremony in Hanoi on August 28 (Photo: VNA) Hanoi (VNA) – The OPEC Fund for International Development (OFID) will loan 45 million USD to a transport infrastructure improvement project in the central city of Da Nang. The loan agreement was inked between the OFID and the Vietnamese Ministry of Finance in Hanoi on August 28.  The project has the total investment of 61.37 million USD, including 45 million USD lent by the OFID and the rest covered by Da Nang’s budget. It is set to build 14.3km of the city’s western belt road No. 2, bridges on this route and associated technical facilities like culverts, lighting systems and trees. The project will also construct a 1.2km-long road connecting Co Co Bridge with the Tran Dai Nghia – Vo Chi Cong intersection, and a 100m-long bridge spanning the Co Co River and linking Vo Qui Huan and Vo … [Read more...] about OFID gives loan to transport infrastructure project in Da Nang

Rachel Duan, president and CEO of GE China With guests including government officials, Chinese EPC (engineering, procurement and construction) company representatives, project end-users, and financiers, the Beijing forum provides a comprehensive view of the energy infrastructure ecosystem. Now in its fifth year, the GE-Caixin forum is China’s first private-sector forum focusing on how Chinese infrastructure companies can employ best practices in going global. With the Belt and Road Initiative originally announced in 2013, the forum took an opportunity to reflect on the past five years of executing projects in Belt and Road regions. Industry experts were invited to discuss their views in sub-forums on market ecology for the regions of Latin America, the Middle East, and Asia, as well as in sub-forums on turnkey solutions for market development, project cooperation, and financing. Participants took lessons from successful cases, while also acknowledging the challenges brought on … [Read more...] about 2018 Energy Infrastructure Cooperation Forum opens in Beijing