Geopolitical News from the modern world

Tag archive

infrastructure

Kaduna: new infrastructure master plan 2018-2050

in AFRICA by

The Kaduna State Government says it will require up to 65.5 billion dollars to address the state’s infrastructure challenges over the next 30 years. Governor Nasir El-Rufa’i stated this on Wednesday at the unveiling of the infrastructure master plan, 2018-2050, during the 3rd edition of the state investment forum in Kaduna. He stressed that the long term infrastructure master plan summarised the infrastructure target of the state aimed at providing job opportunities and making lives better for the people. 

The transportation sector which would require N8 trillion while N5.1 billion would be required annually in the education sector to build about 9,006 schools including tertiary institutions. “Other sectors include, the health system which would require N158 billion, while N100 billion yearly is targeted for the water sector; agriculture would require N53 billion, and 5,000 housing units would be developed annually all within the time frame of 2018-2050,’’ the governor said. 

According to him, the administration had attracted investments into the state in the last two years, with 79 percent coming from outside the country. “Due to the low percentage of domestic investment, we have decided to focus more on domestic investment, we need to attract businesses in Kaduna by providing skilled workforce […] to encourage domestic investment in the state, government’s first priority is to build human capital by engaging in different activities where the young people are willing to be employed in businesses.’’ 

9 major infra projects up for NEDA Board approval

in PHILIPPINES by

Nine big-ticket infrastructure projects, including San Miguel Corp.’s proposed PHP700-billion airport project in Bulacan, are up for approval by the National Economic and Development Authority (NEDA) board (chaired by President Rodrigo Duterte), the state planning agency said Tuesday. Tungpalan said other projects up for approval include the Subic-Clark Railway, bridges across Pasig River and the proposed Davao agro-industrial complex project of the National Development Company. He noted these nine projects are “moving up to NEDA Board either by ad referendum or a NEDA Board meeting, it will be held soonest.” Meanwhile, diversified conglomerate SMC offered to build a new airport in north of Metro Manila with at least four runways and covering 2,000 hectares in Bulacan. “They will start with the negotiations with the original proponent and if they agree, then there will be a Swiss challenge. Then, they will see how the Swiss challenger will make their bid,” said Tungpalan. Aside from the project’s reasonable rate of return, the NEDA official said there are minimum performance standards and specifications and key performance indicators that will go with the Swiss challenge. 

‘Let’s talk’: Japan hopes low-key strategy averts U.S. trade flare-up

in AMERICAS/ECONOMY/ENERGY/POLITICS by

Economic talks between the United States and Japan, tackling topics from persimmons and potatoes to energy and infrastructure, have helped keep Tokyo clear of protectionist moves such as those that recently hit Chinese solar panels and South Korean washers. Japan hopes that “let’s talk” approach – plus warm personal ties between Prime Minister Shinzo Abe and President Donald Trump – will keep friction in check. But officials and lawmakers say the outlook could change if the unpredictable U.S. leader turns his attention to Tokyo’s 7 trillion yen ($63.62 billion)trade surplus ahead of U.S. congressional elections in November. Also efforts to showcase the U.S.-Japan security alliance in the face of North Korea’s nuclear and missile threats will probably take precedence over trade when U.S. Vice President Mike Pence visits Japan from Tuesday, officials on both sides said.

$2.68 billion in humanitarian assistance

in MIDLE EAST by

The Lebanese government plans to receive $ 2.68 billion in humanitarian assistance and investment in the country’s infrastructure and public services as part of the Lebanese Crisis Response Plan (LCRP). The LCRP 2018 package was announced on Thursday and funds will be used to provide humanitarian assistance to Syrian refugees, who are around 1.9 million, to Lebanese refugees and vulnerable Palestinians, as well as to invest in Lebanon’s infrastructure, public services and local economy. Over 123 national and international partners have pledged financial support to avoid a sharp deterioration of the country’s humanitarian conditions and infrastructure and, following the renewal of the commitment, the United Nations Resident and Humanitarian Coordinator, Philippe Lazzarini, said that preserving the stability of the Lebanon means maintaining tolerance, diversity and stability in the region.

Press Release
Go to Top
WhatsApp chat