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Austria joins Asian Infrastructure Investment Bank

21 May 2015

As a founding member, Austria will be able to make a proactive contribution to the Articles of Agreement. Austria also scores with its expertise in the infrastructure sector. 

Austria is now an official founding member of the Asian Infrastructure Investment Bank (AIIB), as confirmed by the Chinese Finance Ministry. The 57 founding members include almost every country in Asia with a few exceptions (such as Japan). Alongside Austria, founding members from outside the region include Germany, Great Britain, Spain and France.

The institution was conceived by the Chinese Premier as an additional instrument to provide financing for infrastructure projects – primarily in energy, transport and telecommunications – along the historic Silk Route from Asia to Europe. AIIB’s starting capital should total USD 100 bn.

The Silk Road Fund also offers promising opportunities for Austrian companies to plan and realise an array of projects. The status as a founding member will allow Austria to take a proactive role in developing the Articles of Agreement. What’s more, only organisations of member states are permitted to bid in tender award processes.

The expertise of Austrian companies is the key factor behind the impressive potential of this international cooperation; after all, Austrian companies have an outstanding image. The Austrians are among the absolute best on the global stage in terms of quality, innovation, know-how and reliability.

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