Asia > Construction / Infrastructure
Construction / Infrastructure in Asia
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Indonesia Infrastructure, connectivity number one priority
INDONESIA, 2017/05/28 Government enacts large-scale infrastructure development to boost long-term economic increase and improve national competitiveness As Margaret Thatcher, Britain’s longest-serving prime minister and the initial woman to have been elected to that office once famously said, “You and I come by road or rail, but economists travel on infrastructure”. This wry observation rings particularly authentic at the same time as applied to Indonesia today. Since the establishment of the Republic in 1949, the Indonesian economy and social development that has been held back by a pronounced lack in the quality and quantity of its infrastructure. Certainly this is due to the lack of investment during the colonial period and the vast damage inflicted onto the country by World War Two and the subsequent struggle for independence. -
Ernesto M. Pernia Secretary of Socioeconomic Planning of the National Economic and Development Authority (NEDA).
PHILIPPINES, 2017/05/28 In this interview with The Worldfolio, Mr. Ernesto M. Pernia (PhD), Secretary of Socioeconomic Planning at the Philippines’ National Economic and Development Authority, speaks about efforts to bring about development and better social inclusion and the ‘0-10 point’ socioeconomic schedule. On May 9th of 2016, president Rodrigo Duterte was elected with additional than 39% of the vote giving him a 15-point victory over the second best performing candidate. While a lot of western media were caught offside by the landslide victory, the people of the Philippines truly believe in the message of social inclusiveness, economic decentralization and social order; as shown by his 91% approval rating in a little while next the election. What is your take on the election results and what are the major drivers behind it? -
SOEs increase capacity to accelerate infrastructure development
INDONESIA, 2017/04/19 SOEs such as PT PP will be critical to realizing Indonesia’s infrastructure ambitions. The company has ambitions beyond this, with plans to become ASEAN’s major integrated construction company by 2018 Spearheading Indonesia’s infrastructure boom are efforts by the country’s national-owned enterprises (SOEs). Following dramatic increases in national budget allocation, the construction phases of a number of key projects were implemented by these organizations over the last schedule year, such as the Trans-Sumatra toll road, which is under construction. -
Laos speeds up railway construction machinery import from China
CHINA, 2017/04/07 Full steam ahead for the China-Laos railway construction, Laos has speeded up machinery import from China, local daily Vientiane Times reported Monday. Hundreds of trucks carrying machinery and equipment for construction of the China-Laos railway have entered Laos next being delayed at the border. A appropriate lane has presently been allocated at the Mohan-Boten border crossing point to facilitate the passage of the trucks, project coordinator in northern Lao province Luang Namtha, Chanthachone Keolakhone told Vientiane Times on Friday. -
Chinese bank grants loan to Angola for construction of Soyo power plant
CHINA, 2017/01/23 The Industrial and Commercial Bank of China will provide a loan of US$837 million for the construction of a combined cycle power plant in Soyo, Angola, an all equivalent to 85% of the cost, according to a government document. The document quoted by Portuguese news agency Lusa said the agreement between the government of Angola and the Chinese bank had been signed in the initial half of 2016, two years next the work began. -
Kazakhstan, Russia to implement projects worth $4B
KAZAKHSTAN, 2016/10/06 Kazakh National Economy Minister Kuandyk Bishimbayev and Russian Economic Development Minister Alexei Ulyukayev signed an action plan for 2016-2017 which envisages realization of 27 common investment projects in different spheres worth over $4 billion, Kazakh ministry reported. The action plan which is aimed at increasing the trade turnover between two nations was sighed within the Kazakh-Russian Forum of interregional cooperation held on Oct 4. in Astana. -
Bank of South Korea funds reconstruction of road in Mozambique
SOUTH KOREA, 2016/07/26 Reconstruction of the road between Nampula and Nametil, over a distance of 72 kilometres, will cost US$75.4 million, the National Roads Government (ANE) of Mozambique said Friday in Maputo. Agostinho Notece of the ANE said during a business and investment forum held in the city of Nampula that the project would be financed with a loan from the South Korea Import-Export Bank under an agreement signed in May 2015. -
Infrastructure focus spells good news for Thai construction
THAILAND, 2015/12/28 After a slowdown in infrastructure development in recent years, Thailand’s construction industry presently looks set to benefit from a major economic support programme aimed at boosting the country’s competitiveness. The government initiative, which will see additional than BT1.7trn ($47.7bn) worth of infrastructure projects implemented through to 2020, will put transport, logistics and ICT at the top of the schedule, with a focus on improving physical and digital connectivity. In late September the government announced plans to fast-track five major infrastructure projects – three mass rapid transit lines planned in Bangkok and two waste-to-energy power plants to be built in the Nonthaburi and Nakhon Ratchasima provinces – signalling a potential jumpstart for Thailand’s construction industry in early 2016. The projects, which have a combined budget of BT200.4bn ($5.6bn), will be structured as public-private partnerships, according to local media. -
Mongolia steps up transport infrastructure
MONGOLIA, 2015/12/27 With renewed backing from international lenders, Mongolia is moving ahead with plans to broaden its logistics base and improve access to export markets, with a raft of transport infrastructure projects shifting into gear. While a slowdown in the world commodities market is expected to see GDP additional than halve from 7.8% in 2014 to 3.5% this year, according to the IMF, Mongolia’s drive to boost exports, tourism and trade has kept the funding of key transport projects on track. Rail and aviation projects are seen as particularly pivotal for increasing the country’s logistical capacity, with construction firms set to benefit throughout the development stage. -
Rail projects to connect Thailand’s industrial zones to the region
THAILAND, 2015/12/27 Despite some delays, Thailand is pushing ahead with a series of rail projects that will link its industrial hubs to China and replace historical routes to Laos and Vietnam. With international technical and financial backing, the projects are expected to boost regional interconnectivity and reduce logistics costs, inclunding bring millions of Chinese tourists to the country. Construction delays In mid-November Thailand’s parliament approved a draft cooperation framework for a Thai-Chinese railway project, which covers the construction of standard-gauge railways on two routes, totalling 867 km.
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