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Temasek unit and Mitsubishi partner on urban development projects

Partners eye $2.5bn of infrastructure work in Asia over 5 years

A concept drawing of a Myanmar redevelopment project involving Mitsubishi. Demand for infrastructure is expected to keep rising in Southeast Asia.

TOKYO -- Singapore state-backed investment company Temasek Holdings' subsidiary Surbana Jurong and Japan's Mitsubishi Corp. will collaborate on urban building projects across Southeast Asia and beyond, with plans to recruit other partners for $2.5 billion in developments over five years.

The comprehensive urban development packages will include transportation infrastructure like rail and roads, as well as housing, shopping centers, hospitals and other community building blocks.

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