02
November
2019

Secretary-General of ASEAN Announces the Initial Rolling Priority Pipeline of Potential ASEAN Infrastructure Projects

02
November
2019

Secretary-General of ASEAN Announces the Initial Rolling Priority Pipeline of Potential ASEAN Infrastructure Projects

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Secretary-General of ASEAN Announces the

Initial Rolling Priority Pipeline of Potential ASEAN Infrastructure Projects

 

On 2 November 2019, the Secretary-General of ASEAN announced the list of Initial Rolling Priority Pipeline of Potential ASEAN Infrastructure Projects, upon the conclusion of the 24th ASEAN Coordinating Council, during the 35th ASEAN Summit and Related Summits. Senator the Hon. Mr. Simon Birmingham, Minister for Trade, Tourism, and Investment of Australia, also attended this announcement ceremony.

The Initial Rolling Priority Pipeline of Potential ASEAN Infrastructure Projects is the first key initiative in the ASEAN Connectivity Strategy under the Master Plan on ASEAN Connectivity 2025 (MPAC 2025) to assist ASEAN member states in selecting bankable infrastructure projects that have the highest potential, to attract investment from Dialogue Partners and financial institutions.

The ASEAN Connectivity Coordinating Committee (ACCC) had previously assigned the World Bank to implement the said key initiative. Australia and the World Bank had assisted by streamlining proposed infrastructure projects from all ASEAN Member States with the highest potential to make up the list of projects in the priority pipeline, which will contribute to the region’s economic growth and beyond.

As a result, the World Bank has currently selected a list of 19 projects in the initial pipeline, which can be modified as appropriate. The projects cover strategic areas such as transportation, energy, and information and communications technology (ICT).  Three Thai projects, namely, the ASEAN Digital Hub, the Hatyai – Sadao Motorway, and the Bangkok-Nong Khai high-speed railway, have also been included in the list.

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Press Release No. 2.2 Secretary-General of ASEAN Announces the Initial Rolling Priority Pipeline of Potential ASEAN Infrastructure Projects