Japan's infrastructure export ambitions face an uncertain future following a move by Japanese trading house Itochu to pull funding for the construction of a nuclear power plant in Turkey. Itochu's departure was driven by a sharp increase in safety-related costs following the Fukushima nuclear disaster, which caused the estimated total project cost to balloon from two to five trillion yen.
On April 25, the Simon Chair's Reconnecting Asia Project hosted a conversation with Natalie Lichtenstein, Chief Counsel for the 57-country negotiations that led to the AIIB's founding and the principal drafter of the Bank's charter, to discuss her new book: A Comparative Guide to the Asian Infrastructure Investment Bank.
Philippine president Rodrigo Duterte is pushing for a second package of tax reforms under his Comprehensive Tax Reform Program in order to help fund the country’s $160 billion infrastructure drive.
Chinese officials have announced increased financial support for the country's Belt and Road Initiative.
Robust international demand, especially from China, is expected to fuel Japanese manufacturing of construction machinery, robots, and machine tools in 2018.
British prime minister Theresa May is expecting $12.8 billion in commercial deals with China. The agreements would focus mainly on the fields of finance, agriculture, science and technology, as well as President Xi Jinping's flagship Belt and Road Initiative.
Since 2009 ASEAN entities have issued $1.85 billion worth of green bonds, many of which fund infrastructure developments such as Warisan Merdeka Tower in Kuala Lumpur.
New financial policies set forth by China will encourage companies to increase their use of yuan for settling cross-border trade deals.
The magnitude of the Balkan Silk Road project poses a mixture of opportunities and policy challenges for countries engaging in or seeking to benefit from its implementation.
Malaysia announced it will spend over $1.53 billion to build new roads and bridges in an infrastructure development push that will help sustain growth in the key construction sector.
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.
It is time to expand transparent, high-standard regional lending mechanisms – tools that will actually help nations instead of saddle them with mounting debt.
Quotes and Quotas is a weekly digest of phrases and facts that help explain Asia’s infrastructure push.
The AIIB concluded its second annual meeting in Jeju Island, South Korea on June 16, yet many questions about the bank’s role in global governance remain open.
Work has commenced on the 414-kilometer long China-Laos high-speed railway near Phonesai village.
Here is a selection of work from ADBI related to four areas the Reconnecting Asia Project covers: climate change and sustainability, energy, regional integration, and infrastructure finance.
Indonesia will issue $900 million in government bonds to fund President Joko Widodo's ambitious infrastructure agenda.
Financial engineering is driven by new approaches to old problems, as the surprising success of green bonds and social or development impact bonds has shown us. Hopefully, the time of the kicker bond for infrastructure has arrived.
Pakistan has recently come to an agreement with U.S.-based company InternationalFfinance Corporation on creating a Pakistan Infrastructure Bank.
Malaysian companies are expected to raise between $22.87 billion and $23.54 billion in capital in 2017, largely due to infrastructure funding. Recently announced projects include an urban rail network around Kuala Lumpur and a major highway in the Malaysia-controlled parts of Borneo.
This report discusses the estimated $1 trillion annual global infrastructure gap and provides recommendations on how U.S. agencies and multilateral development banks can better incentivize private-sector investment in global infrastructure.