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Infrastructure Projects in South-Eastern Asia

  • 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.
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