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AIIB Vows to Engage Private Sector in Asia's Infrastructure Investment
   2015-09-20 20:51:06    CRIENGLISH.com      Web Editor: Hou Limei

Jin Liqun, President of the Asian Infrastructure Investment Bank, says the bank will cover all fields related to infrastructure construction and do more to engage the private sector in infrastructure investment, on Saturday, September 19th,2015.[Photo: screenshot of China Central Television]

The President of the Asian Infrastructure Investment Bank says all kinds of infrastructure will be financed, and the private sector will be included in these projects.

Jin Liqun says infrastructure construction is the mandate of the bank and much can be accomplished.

"We may finance social infrastructure. We can finance, for instance, health. Health is [a] very important sector for many countries, particularly countries which are aging very, very quickly. And, we can even finance stand-alone environmental protection projects. We can do a lot of things which may not be fitting into the very narrow definition of infrastructure if it's interpreted in the traditional way,"

Jin Liqun made the comment as he joined a summit in Singapore.

He also says the AIIB is to act as a platform for private sector investment.

"Private sector companies can also contribute because they are normally very cost-effective, and they look at the profitability, they have much less bureaucracy."

The bank is expected to begin operations at the end of the year.

The first batch of projects are hoped to be launched no later than the second quarter of next year.

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