Unlocking Private Investment in Sustainable Infrastructure in Asia

Investment in infrastructure is essential for promoting economic growth, and Asia remains severely deficient in sustainable infrastructure. With growing fiscal deficits, it is important to develop alternative sources of investment, such as the private sector, through stronger public-private partnerships (PPPs) and incentivizing sustainable infrastructure investment. This book provides a scholarly discussion on the importance of PPPs and approaches to unlock private participation in infrastructure investment, based on lessons from across Asia. It consists of fifteen original chapters on the experiences of CAREC and other cases and aims to assess the impacts and future of sustainable infrastructure investments and examine the role of governments in mobilizing financial resources.

Format: Hardback
Length: 340 pages
Publication date: 11 November 2022
Publisher: Taylor & Francis Ltd

Investing in infrastructure is crucial for fostering economic growth, and while countries in Asia have experienced higher rates of GDP growth in recent years, the region still lacks sufficient and high-quality sustainable infrastructure. Furthermore, population expansion and climate change continue to exert significant pressure on the need for strategic and forward-thinking development, necessitating policymakers to reassess infrastructure governance to ensure sustainable economic growth. In developing Asia, the majority of infrastructure investment currently originates from the public sector. However, with increasing fiscal deficits and other budgetary limitations, it is essential to explore alternative sources of funding for infrastructure projects. This presents opportunities to leverage the private sector, which can play a vital role in bridging the funding gap by fostering stronger and more transparent public-private partnerships (PPPs) and incentivizing sustainable infrastructure investment.

This book offers a comprehensive scholarly examination of the significance of PPPs and strategies to encourage private participation in infrastructure investment, drawing lessons from across Asia. Among the proposed schemes are government tax incentives, a development-based land value capture strategy under PPP land pooling, viability gap funds, project development facilities, and other guarantees. The primary objective of the book is to evaluate the impacts and prospects of sustainable infrastructure investments and explore the role of governments in mobilizing financial resources and developing new models to unlock private investment in sustainable infrastructure.

The book is structured into fifteen original chapters, each focusing on the experiences of the Central Asia Regional Economic Cooperation (CAREC). Additionally, it includes a few case studies and examples to illustrate the practical applications of the proposed PPPs and strategies.

In conclusion, investing in infrastructure is a critical driver of economic growth, and Asia, in particular, has significant potential for sustainable infrastructure development. By leveraging the private sector and adopting innovative PPPs, policymakers can ensure that infrastructure projects are funded, built, and operated in a manner that promotes long-term economic prosperity, environmental sustainability, and social well-being. This book provides valuable insights and practical strategies for policymakers, investors, and stakeholders interested in promoting sustainable infrastructure investment in Asia and beyond.

Weight: 830g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032133461