Sign up | Log in



Home  >>   Daily News  >>   Asean News  >>   Infrastructure  >>   US$ 485 million Asean Infrastructure Fund to start in 2012
NEWS UPDATES Asean Affairs     11-12 November  2011

US$ 485 million Asean Infrastructure Fund to start in 2012

A special purpose vehicle for the Asean Infrastructure Fund (AIF) to support infrastructure development in Southeast Asia will begin operations in Kuala Lumpur in June 2012, Second Finance Minister of Malaysia, Datuk Seri Husni Hanadzlah said.

The SPV will have an initial equity contribution of US$485 million.

The move shows Asean's leadership in infrastructure development, and will be used as a model by the Asia Pacific Economic Cooperation (APEC), he told reporters after the APEC finance ministers' meeting in Honolulu, Hawaii on Thursday 10 Nov 2011.

The meeting was held in preparation for the APEC summit, beginning on 12 November 2012 (Saturday) in Hawaii.

Husni said the Asian Development Bank, which will contribute US$150 million to the fund, will identify suitable infrastructure projects to be implemented in countries which have not attained a high level of infrastructure development.

These projects include roads, ports, and water and electricity supply, he said.

Malaysia has pledged US$150 million to the fund. Nine Asean member countries excluding Myanmar will contribute a total of US$485 million to the fund.

Husni said the board of the SPV will comprise a representative from each of the nine Asean countries excluding Myanmar.

Husni said APEC was informed of developments on the AIF because of the interest of the Asia Pacific grouping to develop the region's infrastructure although the idea is still under discussion.

Infrastructure development is important to enhance Asean's attractiveness as an investment destination and expand the middle class, a vital element in the growth of an economy.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    11-12 November  2011 Subsribe Now !
  • Indonesian industry galloping ahead of economy Subcribe: Asean Affairs Global Magazine
  • Fears of MNC’s dominating an integrated Asean   market Asean Affairs Premium


• “No Elections in Malaysia in 2011”, PM Najib  

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry


• US$ 485 million Asean Infrastructure Fund to start in 2012  

• US$ 77.2 billion flood rehabilitation plan for Thailand   

• Thai-Cambodia trade ties normal 


• New Thai-Lao Friendship Bridge to foster closer ties 

• ‘Philippines, Asia’s worst place for doing business’, WB Report

• ‘US$1.2 B software park project revoked in Vietnam metro

• ‘Myanmar needs to reform more, says Clinton 

Asean Analysis              9 November  2011

Advertise Your Brand
• Asean Analysis-November 9 Sponsor Our Events

Asean Stock Watch      10 November   2011

• Asean Stock Watch-November 10 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand