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International relations

Asia to lure private infrastructure loans with insurance scheme

Plan would seek to fill the gap in demand for power plants, rail, roads and waterworks

Workers build a pier in Indonesia. Insurance for private-sector financing could help fill the severe gap in funding for Asian infrastructure projects.   © Reuters

NADI, Fiji -- ASEAN members plus China, Japan and South Korea will draw private investors and banks to invest in Asian infrastructure projects by insuring financing of up to $1.5 billion, according to a draft plan seen by Nikkei on Friday.

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