ASEAN, ADB launch new infrastructure fund

摘要

A new fund established for the development of infrastructure could have implications for hydroelectric projects in Asia. The Association of South East Asian Nations' board met at the Asian Development Bank's 45th Annual Meeting in Manila, Philippines, and began operations of its ASEAN Infrastructure Fund. ASEAN says the fund is the largest ASEAN-led initiative in the association's history and will help finance the development of power, road, rail and water projects.