05 Sep '11, 8am

S'pore to help China in toll-road management: SINGAPORE: A deal has been signed to share Singapore's experience

SINGAPORE: A deal has been signed to share Singapore's experience in toll-road related transactions with a state-owned conglomerate in Shandong, China. The deal was signed on Monday morning by the World Bank, the Singapore Cooperation Enterprise (SCE) and the Shandong Highway Engineering Group. Under the deal, the SCE will be the lead agency to bring in relevant financial, legal and technical experts to help the conglomerate divest its toll-road related assets to private sector investors. The World Bank will facilitate the provision of technical assistance on structuring and policy issues related to the transaction. The deal was signed ahead of the annual World Bank - Singapore Infrastructure Finance Summit which opens on Tuesday.

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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