Asean, China Seek Private Investment for Railway Project
By Teresa Cerojano/AP Writer/Manila
Irrawaddy - 28 August 2007
August 28, 2007Southeast Asian countries and China will hold a high-profile seminar before the end of the year to lure private investments for a US $2 billion railway project linking Singapore to southern China to facilitate the flow of goods and people across the region, officials said Monday.
The Singapore-Kunming Rail Link project aims to construct or upgrade 550 kilometers (342 miles) of "missing links" in a 7,000 kilometer (4,350 miles) rail network connecting China and seven of the 10 member countries of the Association of Southeast Asian Nations.
No completion date has been set but officials were hoping to have some connection ready by the time the regional bloc fuses into an Asean Economic Community by 2015, Asean Secretary General Ong Keng Yong told reporters.
Ministers and officials of Asean and China welcomed the proposed high profile seminar to attract potential investors to the project in a joint statement after their Asean-Mekong Basin Development Cooperation meeting in Manila Monday.
Ong said officials hope to hold the seminar before the end of the year, after an October investment roadshow for Asean and the Mekong Basin spearheaded by Asean finance ministers.
At Monday's meeting, implementation of 45 projects in the Mekong Basina region that includes parts of Burma, Cambodia, Laos, Vietnam, Thailand and Chinawas also reviewed.
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