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Feature｜Sources and Foundation of Growth
Overseas Business Environment
Infrastructure construction in ASEAN countries is proceeding at a furious pace
Infrastructure construction projects are being developed at a furious pace in Asian countries today against the backdrop of economic growth and urbanization.
In Hong Kong, where "10 major infrastructure projects" with a total budget equivalent to three trillion yen are underway, the government is proceeding on large-scale infrastructure development including the Guangzhou-Shenzhen-Hong Kong Express Rail Link, the Hong Kong-Zhuhai-Macao Bridge and development of the old Kai Tak Airport site, with costs that range between several billion to more than one hundred billion HK dollars.
In Singapore as well, work is progressing on a large-scale port construction project to concentrate container terminals in the western district, in addition to programs such as large-scale redevelopment of the North Region and development of the Marina South district based on the 10-15 year land development basic plan (Master Plan 2013) announced by Singapore's Urban Redevelopment Authority (URA). Similarly, the plan to extend the urban mass rapid transit (MRT) system and double the network from its present length to about 360km also is advancing.
Construction markets in the ASEAN countries remain brisk as well. These include Indonesia, which will undertake infrastructure investment of 44 trillion yen over a five-year period from 2015 through 2019, Vietnam, which will pursue large-scale infrastructure development including a North-South Express Railway and the Haiphong International Gateway Port, Malaysia, which announced 7,621 new construction projects (3,728.8 billion yen) in 2013, and Myanmar, where peripheral development at the Thilawa Special Economic Zone (SEZ) including large-scale port improvements and the Yangon-Mandalay Railway Improvement Project are planned.
Each of these countries is expected to promote infrastructure
investment in the future as well, because such construction is
essential for a country's continuous economic growth.
