MOF calls for more private financing for infrastructure
More has to be done to develop infrastructure as an asset class to provide more sustainable funding, says ministry
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Singapore
A high-level Ministry of Finance (MOF) official has called for the closing of the financing gap for the development of infrastructure in Asia - by getting the private sector to invest in this area in a bigger way.
MOF deputy secretary Yee Ping Yi said at a G20/OECD roundtable hosted by the ministry: "This is a critical issue for Asia. By 2025, infrastructure needs in Asia are expected to reach US$5.36 trillion annually, and public fiscal resources are not sufficient to meet this demand. Private investments are thus critical in filling the infrastructure gap."
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