ASEAN needs two billion dollars for China-Singapore rail link |
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Mon, 27 Aug 2007 11:09
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MANILA (ThomsonFinancial) - Two billion dollars is required to complete a trans-Mekong Association of Southeast Asian Nations rail project connecting Singapore to Kunming city in China, officials said Monday.The Singapore-Kunming project, which will thread through eight countries near the Mekong, still has about 550 kilometers (341 miles) of 'missing links', according to a declaration issued by ASEAN economic ministers meeting in Manila.The rail link is a key component of the ASEAN-Mekong basin development cooperation project which ASEAN sees as crucial for integrating the economies of its poorer members with the rest of the region.ASEAN secretary-general Ong Keng Yong said a 200-kilometre (124-mile) stretch between Phnom Penh and Ho Chi Minh City needs to be linked.ASEAN hopes to drum up investor interest through a special 'high profile seminar' later in the year, specifically from key trading partners Japan and South Korea.'The (seminar) project will be done in the near future,' said Ong.ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam but the grouping is also seeking to expand economic ties with its key neighbors and economic partners like China, Japan and South Korea.afp/clPlease write your own byline and save in your preferenceszr/clCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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ASEAN needs 2 bln usd for China-Singapore rail link - officials 