Asia Infrastructure Forum held in Singapore to push forward regional infrastructure development

Source: Xinhua| 2019-10-03 22:58:56|Editor: Mu Xuequan
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SINGAPORE, Oct. 3 (Xinhua) -- Delegates from multilateral development banks and governments have discussed ways of meeting the growing regional infrastructure needs at the Asia Infrastructure Forum which concluded here Thursday.

Themed "Partnerships for the future: Reimagining infrastructure", the inaugural forum from Oct. 2 to Oct. 3 had drawn over 800 participants from local and regional policymakers, investors and infrastructure companies.

The two-day forum was organized by Infrastructure Asia (IA), established by Enterprise Singapore and Monetary Authority of Singapore to support infrastructure financing and development in the region.

Seth Tan, Executive Director of IA noted that his department is deepening the work with "stakeholders across the infrastructure ecosystem to match the demand and supply in Asia's infrastructure developments."

On Thursday's session of the Infrastructure Market Place, Lim Chze Cheen, head of ASEAN connectivity division, noted that the Master Plan on ASEAN Connectivity 2025 has five strategic Areas: Sustainable Infrastructure, Digital Innovation, Seamless Logistics, Regulatory Excellence and People Mobility.

When talking about connectivity of ASEAN, it's not only about physical infrastructure, but also about digital, economic, technological and people-to-people connectivity, he added.

According to him, ASEAN has identified an Initial Pipeline priority projects with regional connectivity impact while conducting pre-feasibility studies and developing a financing options analysis for these projects.

These projects are to focus on strengthening regional connectivity, bringing economic and social benefits and addressing sustainability and viability, he added.