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Beware white elephants in infrastructure push: Tharman

He suggests public-private partnerships will help ensure profitable returns while prioritising the needs of countries
Tuesday, October 18, 2016 - 05:50
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DPM Tharman said that with cost-overruns the norm in large projects, "we have to put on our micro-economic hats" to ensure every project has a payoff that justifies the cost.

Singapore

PLENTY has been said about insufficient investment in infrastructure in Asia, but Deputy Prime Minister (DPM) Tharman Shanmugaratnam changed tack on Monday, asking for governments to build only necessary and profitable infrastructure in order not to waste resources.

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