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INTERNATIONAL > U.S.

U.S. seeking cooperation with Japan, Australia on infrastructure investment in Indo-Pacific  

  • November 12, 2019
  • , Sankei
  • JMH Summary

Today’s Sankei carried an interview with Overseas Private Investment Corporation Executive Vice President David Bohigian. He reportedly said the U.S. will join hands with Japan, Australia, and dozens of other nations to launch the Blue Dot Network, an initiative that will bring together governments and the private sector to promote high-quality infrastructure development in the Indo-Pacific region. According to the official, the Blue Dot Network will evaluate and certify nominated infrastructure projects based upon adherence to newly devised standards to promote transparent and financially sustainable infrastructure development. The OPIC official stressed that billions of dollars will be committed for qualified regional infrastructure projects under the program, which the paper described as apparently intended to compete with China’s Belt and Road initiative. Bohigian reportedly emphasized that OPIC’s partnership with the Japan Bank of International Cooperation is stronger than ever. 

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