There are many opportunities to further increase regional trade in Asia. Connectivity is at the heart of this opportunity and is of critical importance to strengthening regional cooperation and promoting economic growth. However, it is one of the most underserved areas as evidenced by large connectivity gaps between neighboring and other Asian economies.
AIIB will prioritize projects that connect vital infrastructure and economies that are currently not linked within borders, across Asia and between Asia and the global economy. Promoting regional cooperation complements infrastructure connectivity by expanding opportunities, strengthening links between economies and providing supplementary non-economic benefits. Progress on this front has been made in recent decades, but significant variations across the region remain.
AIIB will also support projects that complement cross-border infrastructure connectivity by generating direct measurable benefits in enhancing regional trade, investment, digital and financial integration across Asian economies and beyond.
An integral part of an ambitious project that seeks to diversify Oman’s economy and reduce its dependence on oil and gas, Duqm Port stretches over an area of 2,000 square kilometers and encompasses everything from a dry dock and oil refinery to an industrial zone and logistics center. A critical component of the port is the commercial terminal and operational zone development financed by AIIB.
The Asian Infrastructure Investment Bank (AIIB) has approved a USD260-million loan to Bangladesh for the construction of a bridge that will make use of the latest advances in technology to improve safety and promote early detection of structural damage.
Infrastructure connectivity projects such as the Delhi-Meerut line enhance trade and investment, and as such is one of AIIB’s priorities. Through this project, we are helping the Government of India finance Infrastructure for Tomorrow (i4t)—sustainable infrastructure that is inclusive, spurs economic growth and addresses social and ecological concerns.
AIIB’s objective in the transport sector is to finance the development of sustainable and integrated transport systems that promote trade and economic growth in Asia.
Infrastructure for Tomorrow sets a clear mission for AIIB by requiring that all investments across infrastructure and other productive sectors should align and add value through one or more of the following four thematic priorities.