Home Masterbuilder Japan to announce $100 billion for Asian infrastructure

Japan to announce $100 billion for Asian infrastructure

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ShinzoAbeJapan will announce a $100 billion plan to invest in roads, bridges, railways and other building projects in Asia, weeks after China outlined its vision for a new infrastructure development bank in the region.  Prime Minister Shinzo Abe is set to unveil the five-year public-private partnership this week. The sum is in line with the expected $100 billion capital of the Asian Infrastructure Investment Bank (AIIB) that Beijing and more than 50 founding member states are establishing.  Japan and the United States were the biggest standouts earlier this year when Beijing began courting members for the AIIB.  The money would come through government-affiliated bodies, such as the Japan International Cooperation Agency (JICA) and the Japan Bank for International Cooperation (JBIC), as well as the Asian Development Bank. Sources say that  “the envisioned assistance is aimed at demonstrating Japan’s stance to contribute to building up high-quality infrastructure in Asia through human resource development and technological transfers and showing the difference from the AIIB, so that Japan can keep a high profile in the region”.

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