18 Apr 2018
Senior officials and representatives from ASEAN Member States involved in infrastructure and connectivity matters participated in the Inception Workshop on Establishing the Initial Rolling Priority Pipeline of Potential ASEAN Infrastructure Projects which was held on 18 and 19 April in Jakarta, Indonesia. In his remarks, the Chair of the ACCC and Singapore’s Permanent Representative to ASEAN Ambassador Tan Hung Seng made three key points regarding the issue. First, ASEAN governments need to increase the visibility of infrastructure projects and improve their bankability, as well as enhance the quality and quantity of data available on the projects in order to secure the buy-in of the private sector and multinational development banks to invest in ASEAN infrastructure projects. Second, infrastructure development is important as a key enabler of economic growth. Third, ASEAN has to strengthen regional cooperation to achieve sustainable infrastructure development. Ambassador Tan also underlined that the establishment of an Initial Rolling Priority Pipeline of Potential ASEAN Infrastructure Projects was an ASEAN initiative and that the project’s success depended on ASEAN’s efforts as well as support from ASEAN’s external partners. Read more here. (Photo credit : ASEAN Secretariat)
