Read more at https://www.channelnewsasia.com/news/business/asean-china-trade-to-receive-a-boost-with-southern-transport-10661022
(Updated: )
Ricky Lim
At a separate panel session in the afternoon, Mr Chan noted that it took Singapore "very long" to develop a new concept for partnering China on bilateral infrastructure projects.
He referred to the Chongqing Connectivity Initiative as a "breakthrough" which departed from previous approaches, as it focused on developing networks that yield economies of scale, such as railroads, rather than on a specific property such as an industrial park or a city.
"Once upon a time, when we go and build an industrial park in China, somebody will say, 'why not I build an industrial park next door and I will give it cheaper rate and compete with you'. So if the company comes to industrial park A, it won’t go to industrial park B. It is a zero-sum game in some sense," he said.
"We asked ourselves: 'How do we transcend this concept, whereby the more people coming to join you in your project, the better it is?'. That’s why we went on an open concept, whereby we’re trying to build a network rather than an industrial park or a city."
NEXT STEPS
Mr Chan also spoke on the next steps for the project, including streamlining customs processes, improving last-mile connectivity, and developing a strong network of regional distribution centres.
“With the cold chain (facilities) in place, we can also expect new types of goods that will be transported both North and South along the corridor," he said.
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Great that Singapore has achieved a breakthrough in our partnership with China to jointly create wealth through cooperation with the respective strength that benefit both Singapore and China.
He referred to the Chongqing Connectivity Initiative as a "breakthrough" which departed from previous approaches, as it focused on developing networks that yield economies of scale, such as railroads, rather than on a specific property such as an industrial park or a city.
"Once upon a time, when we go and build an industrial park in China, somebody will say, 'why not I build an industrial park next door and I will give it cheaper rate and compete with you'. So if the company comes to industrial park A, it won’t go to industrial park B. It is a zero-sum game in some sense," he said.
"We asked ourselves: 'How do we transcend this concept, whereby the more people coming to join you in your project, the better it is?'. That’s why we went on an open concept, whereby we’re trying to build a network rather than an industrial park or a city."
NEXT STEPS
Mr Chan also spoke on the next steps for the project, including streamlining customs processes, improving last-mile connectivity, and developing a strong network of regional distribution centres.
“With the cold chain (facilities) in place, we can also expect new types of goods that will be transported both North and South along the corridor," he said.
--
Great that Singapore has achieved a breakthrough in our partnership with China to jointly create wealth through cooperation with the respective strength that benefit both Singapore and China.
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