Asia > Infrastructure Projects

Infrastructure Projects in Asia

  • Rakhine airport in Myanmar to be built by tender

    MYANMAR, 2017/03/06 The Rakhine National government will invite tenders for the construction of an airport in Mrauk-U, National Planning and Finance Minister Kyaw Aye Thein said. He told the Myanmar Times that the decision to put the airport project out to tender was due to insufficient funds in the national’s budget which allocated K2 billion a year for the project.
  • China Exim Bank Will Lend Tanzania $7.6 Billion for Railway

    CHINA, 2016/07/26
  • Pakistan working on Gwadar-China oil pipeline

    CHINA, 2016/07/14 Pakistan is working on a plan to lay an oil pipeline from Gwadar to China for the export of crude and has given the task to national construction firm Frontier Works Organisation, say officials who are aware of the development. The pipeline will run from Gwadar Port to western China and will allow Beijing to diversify and speed up import of crude oil. Prime Minister Nawaz Sharif had floated the idea of constructing the oil pipeline during a visit to China.
  • Djibouti partners with China to develop local infrastructure and global trade routes

    CHINA, 2016/06/18 Djibouti has recently inked an agreement with China to streamline the East African country’s Customs systems, in a bid to consolidate its position as a logistics and trade centre for the region. The agreement comes as Djibouti channels some $14bn worth of investment – inclunding over $1bn worth of concessional financing from Chinese banks ­– for a spate of major infrastructure projects, ranging from free trade zones to a new railway and port facilities. The new Silk Road
  • Africa: China in U.S.$6 Billion Offer for Tanzania Rail

    CHINA, 2016/05/10 China last week said it is ready to provide $6.8 billion for the construction of Tanzania's Standard Gauge railway along the Central Corridor . This follows talks held between China's Ambassador to Tanzania Dr. Lu Youqing and President John Magufuli in which the government has as well set aside $454,545 out of its $13.2 billion in the fortcoming 2016/17 financial year. A statement issued by the National Home reveals that construction of the 2,561 railway is expected to boost the performance of the port of Dar es Salaam and the national economy in general. Ambassador Lu as well handed over to President Magufuli a letter with message from Chinese President Xi Jinping.
  • Indonesia to upgrade and expand key infrastructure

    INDONESIA, 2015/12/27 Planned overhauls to Indonesia’s infrastructure are moving ahead, as a raft of new power and transport projects lead the national drive to achieve middle-gain status. The mega-projects – part of a broader Rp5519trn ($398bn) infrastructure spending plan through to 2019 – are expected to produce immediate benefits for South-east Asia\'s major economy, helping to boost increase from 4.7% in the initial quarter of 2015 to the 6-7% needed for job creation to keep pace with the number of Indonesians entering the workforce each year. In addition to promoting additional inclusive increase across the country, officials will be looking to capitalise on the economic benefits of infrastructure investment . According to a recent study by the OECD, a 10% increase in physical infrastructure stock in China led to a 2-4% increase in GDP.
  • The World Bank Group (WBG) will be expanding its Singapore office

    SINGAPORE, 2015/11/24 The World Bank Group (WBG) will be expanding its Singapore office to create its initial Infrastructure and Urban Development Hub, said WBG and Singapore's Ministry of Finance (MOF) in a joint press release on Tuesday. The expanded hub operation will provide services at the world level, employing additional than 200 people from the World Bank, the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) over the next two years. Work from the World Bank Group's public sector side will involve sectoral teams dedicated to energy and extractives, water, transport, data and communications technology, Public-Private Partnerships, trade and competitiveness, and urban development inclunding the world infrastructure facility, according to the press release.
  • Sri Lanka's cabinet set to discuss road, rail link between India, Sri Lanka

    INDIA, 2015/09/30 Sri Lanka's new cabinet will any minute at this time discuss a proposition by India to establish a sea bridge and an underwater tunnel to connect India's southern Tamil Nadu to the island country. Cabinet Spokesperson and Health Minister Rajitha Senaratne told Xinhua that the Indian government had discussed the proposition with Prime Minister Ranil Wickremesinghe during his recent trip to India and the matter would be put for discussion to the cabinet any minute at this time. India has proposed to construct a sea bridge and an underwater tunnel for both road and rail transport that would connect Rameswaram in Tamil Nadu with Sri Lanka through the Palk Strait.
  • Japan interested in investing in int'l sea trade port of Turkmenistan

    JAPAN, 2015/07/27 Japan is interested in investing in the construction of a new international sea trade port in Turkmenistan’s Turkmenbashi city. The initiative was discussed at the recent negotiations held between the Japanese and Turkmen sides in Tokyo during the visit of a Turkmen delegation to Japan on July 15-17, the Turkmen government reported. The Turkmenbashi port is designed to become not only one of the “sea gates” of the country, but as well an significant and integral part of the high-capacity regional transport infrastructure that is being created today.
  • The port would lead to a new chapter in India-Iran relations, says Hassan Rouhani

    INDIA, 2015/05/07 Notwithstanding US objections, India on Wednesday went ahead with the signing of an agreement with Iran for the development of the strategically significant Chabahar port which will give India sea-land access route to Afghanistan bypassing Pakistan. The pact was signed next comprehensive talks between visiting road transport and highways minister Nitin Gadkari with the Iranian leadership in Tehran. “The MoU (Memorandum of Considerate) was signed next the talks between the two sides,” a source said. Iranian President Hassan Rouhani, in his conference with Gadkari, said, “Resumption of Iran-India cooperation in the southeastern Iranian port city of Chabahar would lead to a new chapter in relations of two nations.”