The Covid-19 pandemic has threatened Bangladesh's record of strong economic growth over the past decade which has caused the government to consider new sources of infrastructure development financing, including foreign remittances and foreign reserves, but the International Monetary Fund has urged caution, Nikkei reports.
Japan will stop financing the construction of coal-fired power plants overseas in response to criticism of its backing for the carbon-intensive energy source as part of the country's push to build foreign infrastructure projects, Nikkei reports.
Covid-19's impact on the aviation industry has caused delays for a $2 billion project to expand the airport in Manila, prompting the government to re-visit the terms of the public-private partnership agreement with the consortium behind the project, Nikkei reports.
India's highways minister said on Wednesday the country "will not give permission to joint ventures that have Chinese partners for road construction" following the military clash in the Himalayas, Nikkei reports.
Investment in renewable energy in Southeast Asia is holding up despite the economic pressure of the coronavirus pandemic, with many business buyers seizing chances to lock in low-cost power supplies for the long term, Nikkei reports.
Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the world's evolving digital infrastructure competition, and the stakes for U.S. policy.
Major developments, including the Covid-19 pandemic and China’s acceleration of its digital infrastructure push, have heightened the stakes of the global infrastructure challenge for U.S. interests and the necessity of fashioning not merely a response, but its own strategy.
Sri Lanka's decision to borrow a further $80 million from Beijing to finance road improvements has drawn criticism due to the country's already high levels of debt to China, Nikkei reports.
Starting in June, public infrastructure operators in China will undergo a cybersecurity review which could exclude foreign companies from supplying IT equipment, Nikkei reports.
China's Belt and Road infrastructure projects in Indonesia, Thailand, Myanmar, and Cambodia have come to a standstill as countries prioritize fighting COVID-19, Nikkei reports.
Plunging oil, copper, and mineral prices could threaten China's $200 billion in investments and loans in Africa, Nikkei reports.
The Covid-19 pandemic and the acceleration of China's digital infrastructure push have heightened the necessity of developing a comprehensive U.S. infrastructure strategy. The U.S. has taken several important steps toward fashioning its own positive vision for global infrastructure, but critical work remains.
Philippines president Rodrigo Duterte has doubled down on his "Build, Build, Build" infrastructure investment program in hopes of stabilizing growth following the economic turmoil created by the Covid-19 pandemic, Nikkei reports.
China is turning to infrastructure projects to boost its economy in the wake of the coronavirus outbreak, including the construction a 400 km maglev railway between Shanghai and Ningbo, Nikkei reports.
Infrastructure is crucial for fostering countries’ economic development and prosperity. This collection of policy briefs discusses how to maximize the impact of quality infrastructure investments through sustainable financing and other resilient strategies to support the 2030 Sustainable Development Goals, the Paris Agreement, and the Aichi Biodiversity Targets.
Bangkok's railway is set to double to approximately 300 km in 2023, Thailand hopes that this development will ease traffic and help achieve sustainable, high-quality economic growth, Nikkei reports.
Beijing is pushing for what it calls Global Energy Interconnection, a vision of a multi-trillion-dollar worldwide electricity network, which presents an opportunity for emerging economies experiencing power shortages but also the risk of vulnerability and insecurity, Nikkei reports.
The Blue Dot Network (BDN)—an effort by the United States, Japan, and Australia to promote high-quality global infrastructure—holds promise and should be encouraged, but many unanswered questions about its implementation will need to be addressed for the initiative to achieve its desired impact.
India recently announced plans to invest $1.4 trillion in infrastructure over the next five years as part of a fiscal stimulus package designed to counteract slowing economic growth, Nikkei reports.
According to Fitch Solutions, Tokyo-backed projects in Southeast Asia have topped $367 billion, outspending China and making Japan the top provider of infrastructure and development aid in the region, Nikkei reports.
U.S. Exim Bank and Japan's state-backed Nippon Export and Investment Insurance have signed a deal enabling them to jointly mitigate export risks faced by Japanese-led energy and other infrastructure projects that have U.S. participation, Nikkei reports.
Questions of economic development, military power projection, political influence, and global economic suzerainty form the backdrop for what is emerging as a global competition centered on the most economically dynamic region of the world—Asia. And infrastructure development is at the center of that contest.
On October 17, the CSIS Japan Chair hosted the governor of the Japan Bank for International Cooperation, Tadashi Maeda, to discuss the role of infrastructure development in maintaining a free and open Pacific region and responding to China's Belt and Road Initiative.
On October 16th, CSIS Senior Vice President and Simon Chair in Political Economy, Matthew P. Goodman, hosted Asian Development Bank President Takehiko Nakao for a conversation about quality infrastructure in Asia, China's Belt and Road Initiative, and more.
Taiwan's pitch to build Asian government infrastructure has led to a rise in contracts from four in 2015 to 20 last year, including on metros and roads in Indonesia, Malaysia, Singapore, the Philippines and Vietnam, Nikkei reports
The timetable for an $83 billion project to build an ultrafast magnetic-levitation rail line between Tokyo and Nagoya has been delayed due to environmental concerns, Nikkei reports.
Canada Pension Plan Investment Board (CPPIB) has purchased a 45 percent stake in the 117 kilometer-long Cikopo-Plimanan Toll Road project, highlighting CPPIB's commitment to the Asia-Pacific region, Nikkei reports.
With a potential hydropower capacity of at least 40,000 megawatts from its Himalayan rivers, Nepal is looking to export some of its excess hydropower energy to its neighbors. However, rocky relations between Kathmandu and New Delhi, along with domestic unrest in Nepal have put these plans in doubt, Nikkei reports.
Many Asian cities, such as Jakarta and Bangkok, are threatened by rising sea levels. Unless delayed water infrastructure projects are accelerated, large sections of these cities will be underwater in the near future, Nikkei reports.
China has encouraged local governments to raise more funding from the bond market than planned in 2019 to keep them investing in infrastructure, despite an uncertain economic outlook, Nikkei reports.
Pakistan's policymakers have cited financial pressures and the need to balance ties between China and the U.S. as the reasons behind slow progress on The China-Pakistan Economic Corridor, Nikkei reports.
China's Belt and Road Initiative presents potential opportunities for India to upgrade its roads, rail networks, and ports through bridging its saving-infrastructure gap, Nikkei reports.
Indonesian president Joko Widodo has announced the location of Indonesia's new capital in East Kalimantan Province, the Indonesian part of Borneo island, amid concerns about mounting pollution and traffic congestion in Jakarta. Widodo has said that the capital will be green, with the latest ICT and smart city technology, however the nation remains divided over whether the costly relocation is necessary, Nikkei reports.
Drawing from academic literature, evaluations, and technical consultations, this report analyses human rights and environmental impacts at the project and macroeconomic level to give recommendations on how to mitigate the potential risks infrastructure investment can pose for achieving equality, human rights, and the environmental sustainability.
Leaders from Japan and Africa on Friday agreed on the need for infrastructure development that accounts for a country's ability to pay off debt, a veiled reference to China's Belt and Road Initiative, Nikkei reports.
Philippine president Rodrigo Duterte and Chinese president Xi Jinping plan to sign deals for infrastructure and funding support from China's Belt and Road Initiative during Duterte's visit to Beijing this week, Nikkei reports.
Vietnam's demand for energy has grown at 13 percent per year since 2000. Traditionally, Vietnam has satisfied this demand with electricity generated by coal and hydropower. Moving forward, Vietnam is seeking to attract investment in renewable energy infrastructure, such as wind and solar, Nikkei reports.
Indonesian president Joko Widodo’s new $178 billion budget prioritizes physical infrastructure development in hopes of propelling Indonesia into the G-7, Nikkei reports.
Indonesian president Joko Widodo has formally proposed to move the country's capital to Borneo. However, critics question the feasibility of developing a new capital city while the country simultaneously pursues Widodo's signature $400 billion infrastructure plan, which centers mainly in Java, Nikkei reports.
Japan has pledged to invest $2.84 billion in Africa's infrastructure to encourage transparency, in what some have interpreted as a response to corruption allegations linked to China's Belt and Road Initiative.
While Prime Minister Narendra Modi has emphasized improving India's infrastructure, the vast majority of Indian households lack access to the infrastructure needed to participate in the digital economy, highlighting a substantial obstacle to further economic growth, Nikkei reports.
While Belt and Road Initiative infrastructure projects have sparked concerns in recipient countries, the shift of Chinese manufacturing overseas has been embraced when it comes with technology transfer and job creation for locals, Nikkei reports.
A proposed $10 trillion "Development Green New Deal" recently put forward in the U.S. would fund green infrastructure projects in Asia and elsewhere that could compete with China's Belt and Road Initiative, Nikkei reports.
In a push to showcase their global economic reach and drive infrastructure development, India and Indonesia are beginning to advertise bids for the 2032 Olympics, Nikkei reports.
India needs an estimated $700 billion to repair and upgrade its basic infrastructure by 2022 to sustain economic development, Nikkei reports.
The China National Nuclear Corp. finished structural work for the Hualong One nuclear reactor in the Pakistani city of Karachi this June. Chinese President Xi Jinping hopes to install similar nuclear technology at more locations along the Belt and Road Initiative, with 30 units by 2030, which is estimated to create 5 million jobs and provide a total economic boost of $145 billion, Nikkei reports.
Despite infrastructure development and employment opportunities generated under the Belt and Road Initiative, there are growing concerns and anti-Chinese sentiment among Cambodians, especially after the collapse of a Chinese-funded apartment construction project that left 28 dead on June 22, 2019, reports Nikkei Asian Review.
Foreign investment, led by China, in transportation and telecommunications quadrupled to $1 billion in the last six months as Myanmar approved a number of infrastructure projects, Nikkei reports.
On June 28-29, government leaders representing 85 percent of the global economy convened for the fourteenth G20 Summit in Osaka, Japan. In the wake of the meeting, the CSIS Simon Chair in Political Economy hosted experts including Japan's ambassador to the G20, Koji Tomita, to discuss major outcomes, including China's endorsement of the G20 Principles for Quality Infrastructure Investment.
The Asian Infrastructure Investment Bank (AIIB) is courting private sector investors to jointly fund infrastructure projects, Nikkei reports.