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

Published Thu, May 28, 2015 · 09:50 PM

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."