Conference discusses infrastructure development in Asia

The 5th Asia-Singapore Infrastructure Roundtable hosted by the International Enterprise (IE) Singapore recently in Singapore has stressed the necessity and measures to promote links in infrastructure development in Asia.

Participants focused their discussion on p ublic - private partnerships (PPP) model, which was said to benefit some largest economies in Asia such as China, India and Southeast Asia.

According to IE Singapore, with its strategic location and vibrant infrastructure ecosystem, Singapore possesses strong attributes as a regional hub to fill the infrastructure gaps in Asia.

The country is likely to play a key role in facilitating regional infrastructure projects in the region in the context that the lack of funds is the main obstacle to the field.

Singapore has been working closely with relevant parties to lead a series of initiatives on infrastructure development in Asia, enabling structuring, financing and implementation of Asian infrastructure projects in and through Singapore.
Global infrastructure spending is expected to grow to 9 trillion USD in 2025, and Asia will account for 60 percent of this spending over the next decade, IE Singapore reported.

Kow Juan Tiang, Director of the IE Singapore’s Environment and Infrastructure Solutions Group said PPP model is a good option for infrastructure development projects in Asia, especially when funds from the government are limited.
Singapore maintains its sound relations with Vietnam, he told Vietnam News Agency correspondents.

Last year, Singapore was Vietnam’s third largest investor and almost all Singaporean firms are running long-term projects in Vietnam, including groups investing in infrastructure such as Capital Land, Keppel Land, and PSA.

Those serves as a bridge connecting Vietnam and Singapore in infrastructure – the field is forecast to flourish in Vietnam in the coming time, the expert said.-VNA