Developing Asian economies can and should create more public-private partnership (PPP) opportunities to address the region's infrastructure gap and steer private money and skills into much-needed infrastructure projects, said speakers at a seminar at the Annual Meeting of the
"The infrastructure deficit in
Good infrastructure is critical to economic growth, allowing communities to access essential social services, markets, and jobs, and making cities cleaner and easier to navigate.
PPPs can help developing countries address critical infrastructure needs, from roads to hospitals to water supply systems. The PPP investment mode, with the various structures underpinning it, is especially effective in helping centrally planned countries transition to private sector-oriented market economies.
PPPs can be promoted through fully assessed and appropriate risk sharing and performance-based arrangements between the parties. The aim is to deliver "value-for-money" projects to provide a full set of benefits for investors, the public, and the economy.
Aside from having the right laws and regulations, Asian economies need to ensure that PPP projects are developed and delivered in professional, informed ways. Although increasing efforts are being made to prepare PPP projects, PPPs often still suffer from a bankability gap.
The seminar was attended by public officials and private bankers and investors, with discussions led by Steven Ciobo, Parliamentary Secretary to the Australian Treasurer;
TNS 18EstebanLiz-140503-30FurigayJane-4722951 30FurigayJane
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