Japan investing in South East Asian infrastructure

Japan intends to offer financial aid worth some US$6.47 billion for infrastructure projects in Asean countries. This comes after the recent Asean-Japan Commemorative Summit and Japan-Greater Mekong Subregion (GMS). A large portion of the financial aid will be for investment projects under the GMS regional cooperation. The money will be provided in loans and grants. A five-year infrastructure plan by the GMS has already been approved at a GMS ministerial meeting. The plan covers 55 projects worth some $44.4
January 29, 2014 Read time: 1 min
Japan intends to offer financial aid worth some US$6.47 billion for infrastructure projects in Asean countries. This comes after the recent Asean-Japan Commemorative Summit and Japan-Greater Mekong Subregion (GMS). A large portion of the financial aid will be for investment projects under the GMS regional cooperation. The money will be provided in loans and grants. A five-year infrastructure plan by the GMS has already been approved at a GMS ministerial meeting. The plan covers 55 projects worth some $44.4 billion in combined spending for the construction of transport infrastructure such as roads, bridges and ports. The Japanese Government has already granted soft loans to Thailand and Laos for the second Thai-Lao Friendship bridge.
Finance & Funding Road Structures

Related Content

  • Economic crisis affecting industry?
    September 14, 2015
    The recent news over the falling share prices around the world due to Chinese economic instability is of major concern for the construction sector. The knock-on effect of a downturn and economic instability in China has impacted around the world, with stock markets in Europe and the US having taken a tumble. This development should not be a surprise however. It is a situation that has been coming for some time due to the high level of spending in China and which many in the construction industry have bee
    Read More
  • Japanese funding for Philippines tunnel project
    January 30, 2017
    A new tunnel project in the Philippines is to be constructed with the help of Japanese funding. The project calls for the building of a new tunnel section connecting the centre of Davao City with its southern tip. Necessary funding for the work is being provided by the Japan International Cooperation Agency (JICA). The official development assistance (ODA) loan being provided by the JICA is worth US$232.74 million. The new Davao City bypass construction project in 2015 will be developed using Japanese exper
    Read More
  • Canada, US officials soon to settle planned Detroit bridge issue
    February 5, 2015
    An end to a thorny issue is close at hand concerning who will fund construction of a border customs plaza on the US side of a planned bridge linking Canada and the United States. US President Barack Obama’s US$4-trillion budget did not set aside any money for the plaza for a second consecutive year, further irritating Canadian officials who are overseeing construction of the bridge. It appears that the Canadian government might end up footing the entire bill, according to a report in Toronto’s Globe a
    Read More
  • Hunan and Fujian province in China are investing in infrastructure
    January 28, 2014
    Official data from Hunan Province, Hubei Province and Fujian Province in China reveal major infrastructure investment plans. Hunan Province will invest US$10.92 billion (CNY 66 billion) on transportation in 2014. Construction work will commence on more than 10 highways with a total length of 600km in 2014. Highway projects will account for $6.45 billion (CNY 39 billion) of the total investment. Hunan's rural road developments will involve an investment of $1.24 billion (CNY 7.5 billion) and a total length o
    Read More

Highlighted Content