Singapore launches agency to support infrastructure projects across Asia

Singapore launches agency to support infrastructure projects across Asia

Photo: Reuters

Singapore has launched a government agency on Tuesday to support infrastructure projects across Asia, which need billions of dollars in funding, and make them more appealing to financial institutions and private investors.

The global financial hub’s decision to position itself as a broker for regional infrastructure investment came in after China ramped up efforts to fund and build transport and trade links in dozens of countries as part of its Belt-and-Road Initiative.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter