ASEAN should develop list of priority infrastructure projects through 2040: PM
Hanoi, Nov. 14 -- These projects should focus on such areas as cross-border transport corridor, logistics, power grid, digital, infrastructure, and sustainable smart cities, he said.
Southeast Asia needs US$7.1 trillion in infrastructure investment through 2040 to support economic growth, strengthen energy security, and build connected and resilient economies, according to a new Asian Development Bank (ADB) report released last week.
"Southeast Asia's growth depends on what it builds next," said ADB President Masato Kanda. "Its factories need dependable electricity, and its businesses need faster, safer ways to reach markets. These investments must also be built to deliver long-term benefits. ADB will help governments bring forward proj...
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