Infrastructure needs $1.5t<\/p>\n
WASHINGTON (AFP): Developing countries in Asia will need to
\ninvest US$1.2 trillion to $1.5 trillion in infrastructure over
\nthe next decade, according to a World Bank report.<\/p>\n
China represents 51 percent of those needs, followed by Korea
\n(18 percent), Indonesia (11 percent), Thailand (10 percent),
\nMalaysia and the Philippines (three percent), according to the
\nreport "Infrastructure Development in Asia and the Pacific:
\nToward a New Public-Private Partnership."<\/p>\n
The investment input is needed to sustain economic growth,
\nmake up for inadequate past investment, and cope with massive
\nurbanization and the globalization of world trade.<\/p>\n
The report, issued here on Tuesday, said the public sector had
\nneither the resources nor the organizational capacity to come up
\nwith the massive investment needed -- and that the private sector
\nwould have to pick up the slack.<\/p>\n
Private infrastructure has paid off, the report said, in
\nChina, Indonesia, Malaysia and the Philippines in such areas as
\ntelecommunications, energy and toll roads, if less so in water
\nsupply and port facilities.<\/p>",
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"sponsor": "Okusi Associates",
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