ASEAN needs US$2 trillion for regional infrastructure connectivity

• 21 December 2022
• Local News
• 1028 Views

The ASEAN Community needs at least US$2 trillion in investment from now until 2030 to connect infrastructure in the region.

The statement was emphasized by Cambodian Prime Minister Samdech Hun Sen during the ASEAN-EU Anniversary Summit on 14 December.

PM Hun Sen stressed that it is important to promote a strong synthesis between the Master Plan on ASEAN Connectivity 2025 and the EU-Asia Strategy.

At the same time, he also expressed confidence that the €10-billion fund from the European Union to implement the “Global Gateway of the European Union” will also contribute to the ASEAN Community Action Plan 2025.

The digital economy investment in ASEAN is also expected to contribute US$1 trillion to GDP from 2020 to 2030.

Photo credit to southeastasiainfra

 

 

• Investment and Funding