The Department of Finance (DOF) of the Philippines and Agence Française de Développement (AFD; French Development Agency) have signed two credit facility agreements worth EUR 250 million (PHP 14 billion or USD 294 million) combined, to support two major policy reforms...
Singapore will continue and complete its mega infrastructure projects, including key projects such as Changi Airport Terminal 5, Tuas Mega Port, and submarine cable hubs, despite the effects of the COVID-19 pandemic, said Trade and Industry Minister Chan Chun Sing in...
In June 2020, Thailand’s Transport Ministry announced a master plan to construct eight new motorways, with a combined length of 4,930 kilometers, that will run parallel with rail routes, to improve transport links and terrestrial trade with neighboring...
The Europe-Vietnam Free Trade Agreement (EVFTA) will generate new opportunities for Vietnam and the logistics service industry is preparing infrastructure and techniques to take advantage of this. The agreement will also help Vietnam receive foreign direct investment...
The Indonesian government is to continue developing 89 new projects amid the COVID-19 pandemic, worth USD 94.8 billion from 2020-2024. These projects are additional to the existing 223 national strategic projects. The breakdown of 89 new projects is as follows: 15...
Sunway Construction Group Bhd (SunCon) was awarded two contracts worth MYR 175 million (USD 40 million) involving Chan Sow Lin-Klang Valley Mass Rapid Transit underground station and Sunway International School’s new campus in Sunway City, Selangor. This has raised...
In mid-June 2020, Japan’s aid agency, Japan International Cooperation Agency (JICA), signed loan agreements with the Government of the Republic of the Philippines in Manila to provide Official Development Assistance (ODA) loans of up to a total of PHP 75.5...
French multinational Alstom and SMRT Trains, with support from Singapore’s Land Transport Authority (LTA), have signed an agreement to ensure the continued reliability and availability of the driverless train control system installed by Alstom on...
Thailand’s Cabinet has announced the approval of a USD 9 billion bid from a consortium led by skytrain operator, BTS Group Holdings, for the development of a third passenger terminal at the U-Tapao International Airport near Pattaya, on the southeastern coast....
The Japan International Co-operation Agency (JICA) plans to begin a survey for the pre-feasibility report of the Lien Chieu port construction project later this year. The survey project will use JPY 50 million (USD 468,000), from the non-refundable Official...
The Ho Chi Minh City (HCMC) administration has asked the Department of Planning and Investment to evaluate the pre-feasibility study of metro line no.5, whose total capital investment is estimated to be around USD 1.66 billion. The study was conducted by IDOM...
In a bid to boost post-COVID recovery, the Indonesia government will offer six toll road public private partnerships (PPP) projects with a combined value of IDR 80.5 trillion (USD 5.3 billion) to investors this year. The projects comprise five private toll road...
