Aussies to give AIIB US$719m over 5 years
Print Edition
The Australian government yesterday said it would contribute A$930 million (US$719 million) over five years to the new China-led Asian Infrastructure Investment Bank, making it the institution’s sixth-largest shareholder.
A total of 57 countries, including Britain, France and Iran, have joined the US$100 billion lender.
It was launched in Beijing last year to invest in Asia in transport, energy, telecommunications and other infrastructure.
“Joining the AIIB presents Australia with great opportunities to work with our neighbors and largest trading partner to drive economic growth and jobs,” a statement from Australia’s Treasury and foreign affairs department said.
“The AIIB will work closely with the private sector, paving the way for Australian businesses to take advantage of the growth in infrastructure in the region.”
Treasurer Joe Hockey will attend the Articles of Agreement signing ceremony in Beijing next Monday, according to the statement.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
