Asean leaders last week advanced the idea of the Asean Infrastructure Fund (AIF), with some saying it will become reality in May 2010.

The AIF, which will be operated through the Asian Development Bank in Manila, is intended to support entrepreneurial infrastructure projects other than those already able to raise investment through ADB bonds. Roads and transport are expected to get most attention.

The smooth flow of goods and services around the region is essential to economic development, and advances Asean’s goal of becoming a more integrated economic community by 2015. 

sources & articles: Bernama  thestar online