The Building and Construction Authority (BCA) of Singapore has released its projections for 2020. The agency projects total construction demand (value of construction contracts to be awarded) to remain strong in 2020 on the back of sustained public sector construction...
Thailand’s Department of Highways has seven key projects lined up for 2020, with a combined value of more than THB 124 billion (USD 4.1 billion), reported the Bangkok Post. Design work has been completed for five of the projects. Fifth Thai-Lao friendship bridge...
A master plan to develop Vietnamese seaports for the period 2021-2030 was recently approved by Deputy Prime Minister Trinh Dinh Dung. The two main goals of the plan are to optimize the efficiency of the seaport system and to improve connectivity of seaports with the...
On October 2019, a consortium led by Thailand’s largest conglomerate, the Charoen Pokphand (CP) Group on 24 October 2019 signed a USD 7.4 billion deal with the State Railway of Thailand (SRT) to build a high-speed railway connecting three airports. The railway line...
The construction of the new Lien Chieu Cargo Port planned in 2025 will promote Danang as a key international logistics center according to the former general director of the Tien Sa Port, the only port in the city at present. The 220-hectare VND 32.86 trillion (USD...
The Asian Development Bank (ADB) granted Indonesia USD 100 million in October 2019 to help catalyze private sector investments in Infrastructure projects. ADB’s assistance will help close the Infrastructure financing gap, with annual investment needs estimated to be...
On 18 October 2019, Malaysia launched the National Transport Policy (NTP) 2019-2030. It will serve as the overarching roadmap for developing an efficient, comprehensive, secure and sustainable transport sector with the aim of enhancing Malaysia’s economic...
Bid submissions for the USD 10-billion Sangley Airport project in the province of Cavite has just recently concluded on November 25, 2019. Six groups have bought joint venture documents, namely, Taipan Lucio Tan’s MacroAsia Corp., state-run China Communications...
On 17 October 2019, Singapore and the United States of America signed a Framework to Strengthen Infrastructure Finance and Market Building Cooperation. The agreement builds on broader initiatives between Singapore and the US, and aims to facilitate technical exchanges...
Indonesia and the United Arab Emirates (UAE) are set to establish a sovereign wealth fund (SWF) that can be used for Infrastructure development. This also includes the development of the new capital city of Indonesia in East Kalimantan. The SWF scheme is still under...
Tenaga Nasional Bhd (TNB), Malaysia’s only electric utility company throughout Peninsular Malaysia and eastern Sabah is planning to install 9.1 million Advanced Metering Infrastructure (AMI) or ‘smart meters’ in majority of households by 2026. The smart meters...
In a remarkable move, the Department of Transportation (DOTr) has allotted 99% of its transportation Infrastructure budget for 2020 to the construction, rehabilitation and improvement of railway systems in the Philippines. The spending plan totals USD 2.9 billion, of...
