欢迎来到VOA在线收网 www.voa365.com
当前位置:VOA NEWS > VOA慢速英语 > AS IT IS >

AS IT IS 2015-08-25 Asia's Growth Needs to Build on Better Infrastructure

2015-08-25 07:20来源:未知

音频下载

In this Wednesday, Aug. 12, 2015 photo, a man pushes a metal-wheeled cart with benches fashioned from scrap wood as he ferries passengers for 10 pesos each along the railway in Manila. (AP Photo/Aaron Favila)
One Monday morning in Manila, cars moved in a slow line along the main avenue. Taxi driver Ranilo Banez shook his head at the long line of cars.

 

Crowded roads have become more common as Manila's economy grows. Mr. Banez said a 10-kilometer (or 6-mile) trip that once took 30 minutes may now take up to two hours.

 

"We lose so much," Mr Banez, 64, said. "We waste a lot of gasoline and time."​

 

In Manila and other cities in Asia, people are building many office and apartment towers. But the building of roads, railways and other important infrastructure has been slower, in part because of the 1997 financial crisis.

 

Urgent needs for infrastructure

 

Before the 1997 financial crisis, many developing Asian countries spent six to eight percent of their yearly economic output on public works. After the crisis, that amount dropped to as little as two percent.

 
Ramesh Subramaniam, director general of the Asian Development Bank's Southeast Asia department.Ramesh Subramaniam, director general of the Asian Development Bank's Southeast Asia department.

 

Ramesh Subramaniam is the deputy director general of the Asian Development Bank's (ADB) Southeast Asia department. He says that developing countries have a lot of work ahead of them to build the necessary facilities.

 

If spending does not increase, "then this could possibly have an impact on future growth," Subramaniam said. "Certainly it is going to reduce the competitiveness of the countries in the region."

 

Projects in the Philippines

 

In May, Philippines President Benigno Aquino III approved $1.4 billion in spending for commuter trains in Manila and other projects. That brought the total for infrastructure investment to $31.8 billion since Aquino took office in 2010.

 

The Philippines is not the only Asian country struggling to deal with crowded roads.

 

Projects in India

 

In India, Prime Minister Narendra Modi called for his country to speed up building "all projects that will ensure a modern infrastructure backbone."

 

India's biggest program is the $100-billion Delhi-Mumbai Industrial Corridor Project. That plan will create seven industrial cities, high-speed railways, six airports and three seaports. The government says India also needs 450 new power plants that use coal.

 

To keep that up, India needs to spend $1 trillion on infrastructure for the next five years.

 

Projects in Vietnam and other Southeast Asian countries

 

In Vietnam, the government approved a proposal in June for a new airport. It will be located near Vietnam's business capital, Ho Chi Minh City, and cost $15.8 billion. The country also plans to spend $22.5 billion on new highways.

 

The demand for power in Vietnam also increases by 10 percent every year. State media say Vietnam needs to spend $125 billion in the next 20 years to keep up with the demand.  

 

Thailand has a $92 billion building plan for the next few years. The plan includes high-speed train routes that will run from China in the north through Malaysia in the south to Singapore. It calls for expanding seaports and Bangkok's commuter trains.

 

But, many countries still do not know how they will pay for these projects.

 

China, Japan and the U.S. to play a role in developing Asia infrastructure

 

The Asian Development Bank has estimated that developing Asian economies need to invest $8 trillion in the 10 years leading up to 2020. Japan and the United States are the principals behind the Asian Development Bank. Japan has announced a credit plan of $110 billion in aid to pay for Asia's infrastructure projects.

 

China has said it wants to be a regional leader in investing in infrastructure projects. More than 20 other countries joined with China to open the new Asia Infrastructure Investment Bank, or AIIB. The bank is expected to start with $100 billion in capital, mostly from China.

 

The Asian Development Bank said building the needed facilities will help people in the region earn more money. If the needed facilities are built, people there could get an extra $4.5 trillion in income in the decade through 2020 and another $8.5 trillion after that.

 

But many of the planned projects do not have a business plan that promises to produce profits and repay investors. And investors worry about the government interfering or possible delays over environmental and other concerns.

 

Still, Mr. Subramaniam of the Asian Development Bank said the region's total spending is likely to be less than half the amount required. He says Asia still needs more resources and different ways to pay for the projects.


Words in This Story

 

infrastructure - n.  the basic equipment and structures (such as roads and bridges) that are needed for a country, region, or organization to function properly

 

facility - n. something (such as a building or large piece of equipment) that is built for a specific purpose

 

route -n. a way to get from one place to another place

 

priority - n. something that is more important than other things and that needs to be done or dealt with first

 

(责任编辑:v365)
最新新闻
  1. 当前关注:拼多多“出海”:对标
  2. 微动态丨iPhone 14全线破发 苹果将
  3. 资讯:“二舅”UP主回应质疑:目前
  4. 特斯拉上海超级工厂一期第二阶段
  5. 苹果高管Huang回应iOS 16复制粘贴许
  6. 特斯拉8月份在北京上海等城市新
  7. 苹果宣布10月欧洲 App Store 应用和
  8. Lilium携手软件巨头Palantir展开合作
  9. 暴雪《暗黑破坏神 4》即将封测
  10. 因丰巢快递柜侵犯肖像权等,龚俊
  11. 美富豪亿万艾萨克曼与SpaceX合作
  12. 今日聚焦!碾压iPhone 14系列!曝华
  13. 当前头条:华为Mate50首发5G套装 明
  14. 即时看!iPhone 15明年或将搭载Type
  15. 全球即时:售价799元!华为Mate 50系
  16. 资讯:针对iPhone机型《王者荣耀》
  17. 每日看点!1.5K直屏+骁龙8+旗舰芯!
  18. 【独家】iPhone 14顶配速度拉胯了!
  19. 世界热点评!仅限30条!Mate50卫星通
  20. 天天微资讯!华为Mate 50系列通信壳
  21. 环球速讯:土豪金被冷落!iPhone1
  22. 世界看点:经济学家任泽平:iPho
  23. 每日速讯:工信部:鸿蒙操作系统
  24. 天天信息:鹿晗为关晓彤庆生 鹿
  25. 当前短讯!啃完华为又嚼苹果,手
  26. 天天时讯:赌王三房千金何超云获
  27. 世界看点:成立12年,中国首家上市
  28. 环球今亮点:井柏然晒秋日身穿毛
  29. 天天观热点:《奇怪的律师禹英雨
  30. 天天亮点:汪小菲张颖颖外出聚餐
  31. 世界微动态丨李政宰确诊新冠中断
  32. 世界快看点:林允儿回应《黑话律
  33. 天天视点:魔力红Maroon 5主唱被曝
  34. 全球热点评!9月20日酒泉疫情最新
  35. 环球观速讯:9月20日张掖甘州区疫
  36. 天天视点:9月20日甘肃疫情最新消
  37. 今日精选:9月20日岳阳疫情最新消
  38. 快资讯:9月20日湘潭疫情最新消息
  39. 每日资讯:2022-09-20 14:17哈尔滨疫
  40. 世界热资讯:青海昨日新增本土无
  41. 【环球时快讯】92号、95号汽油价
  42. 世界快播:9月20日杭州疫情最新消
  43. 世界视讯!官宣,iPhone即将支持《
  44. 当前关注:华为Mate 50系列5G通信壳
  45. 环球热门:比iPhone 14PM还贵!华为
  46. 当前视讯!大部分供应商将收到加
  47. 天天百事通!卢伟冰深夜疑惑:年
  48. 环球观焦点:华为Mate 50系列5G通信
  49. 环球焦点:青蛙会被水淹死吗
  50. 当前看点!OPPO K10系列荒野乱斗联名