Singapore's central bank announced the start of a new program that will provide Asian emerging nations banking and legal services for infrastructure projects like roads, harbors, airports, railroads, and power stations. This program aims to make the city-state a key player in contracts related to China's Belt and Road Initiative.
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Malaysia and Singapore will resume construction of the 350 km East Coast Rail Link project in 2020 on the basis that Singapore will be compensated $11 million for the delay.
The U.S.'s recently announced plan to invest $113 million in infrastructure throughout the Indo-Pacific region will have a limited impact and pales in comparison to China's multi-billion dollar Belt and Road Initiative, according to Dr. James Crabtree of the National University of Singapore.
Chinese infrastructure investment throughout Southeast Asia has shifted the tide of opinion, simultaneously supporting authoritarian politics in certain states and engendering opposition to Belt and Road in others, according to the Nikkei Asian Review.
Indonesia’s President, Joko Widodo, is pushing to turn the country into a fulcrum of maritime trade along China’s Belt and Road initiative with a $50.6 billion plan to build up the maritime sector, including the development of 24 "strategic ports."
Malaysia's decision to cancel the high-speed rail from Kuala Lumpur to Singapore suggests that Prime Minister Mahathir Mohamad's new government may reevaluate other costly Chinese-led projects to cut the country's debt, Nikkei reports.
Prime Minister Mahathir cancelled a proposed high-speed railway project that would have connected Kuala Lumpur with Singapore on Monday, citing the overall cost of the project as a primary concern. Mahathir's predecessor signed a legally-binding deal with his counterpart, Lee Hsien Loong, in December 2016 as a symbol of closer bilateral cooperation which will now require negotiating a $125 million penalty for pulling out.
As Arctic sea ice steadily shrinks and temperatures rise, Russia and China compete for control of newly accessible natural resources and transportation routes while cooperating to finance the development of resource extraction and transportation infrastructure.
Singapore has signed an agreement with China to strengthen cooperation on the Belt and Road Initiative, aiming to expand the city-state's involvement in massive infrastructure projects led by Chinese companies.
On Tuesday, Singapore’s prime minister Lee Hsien Loong called on the Association of Southeast Asian Nations to better leverage infrastructure and development opportunities provided by regional initiatives such as the Belt and Road and the Asian Infrastructure Investment Bank.
A conglomerate of 7 major companies has submitted a $6.75 billion proposal to expand and modernize Manila airport into a regional aviation hub.
A consortium of European companies including the German Engineering company Siemens, France's Alstom, Austria's PORR, and Italian State Railways will team up with a Malaysian engineering company to bid for the Kuala Lumpur-Singapore high-speed rail line. The consortium is expected to face rival bidders from both China and Japan.
Indian Prime Minister Narendra Modi welcomes all ten ASEAN leaders to New Dehli in an attempt to strengthen trade and connectivity with the bloc.
Malaysia and Singapore signed a bilateral agreement to build and run a Rapid Transit System Link on Tuesday, advancing an initiative to boost connectivity between the two Southeast Asian nations.
Reconnecting Asia is tracking developments across a vast landmass that includes 60 percent of the global economy. Every day, new infrastructure projects are announced, some are advanced, and others encounter obstacles. Here is a selection of the top projects to watch in 2018.
Bidding for the high-speed railway project connecting Singapore and Kuala Lumpur kicked off on Wednesday, in what is shaping up to be an intense battle between Chinese and Japanese contractors.
Southeast Asian governments need to collect more taxes to sustain the region's infrastructure expansion, reports the OECD.
Capitalizing on its position as a financial and legal hub, Singapore wants to underpin its economic growth by involving itself in Chinese-led megaprojects under the"Belt and Road" Initiative.
The land acquisition process has started for the 350-kilometer-long high-speed rail linking Kuala Lumpur with Singapore, paving the way for the bidding process to begin by the end of the year. The infrastructure project is expected to attract international bidders for the first cross-border high-speed rail line in Southeast Asia.
Six local companies in Singapore have formed a consortium in hopes of besting competitors from Japan, China, and Europe to construct the 350km Singapore-Kuala Lumpur high-speed rail link.
Autonomous vehicles have the potential to re-shape the continent of Asia’s economic geography, but they face infrastructure challenges unique to the region.
A selection of the top projects we’re watching this year.