Raising private investments in S-EA infrastructure key, says World Bank

Singapore

SOUTH-EAST ASIA has drawn increasing levels of investments into infrastructure development in recent years, but more still can be done to boost it, a World Bank official said on Thursday.

Cledan Mandri-Perrott, the head of infrastructure finance and public-private partnerships at the World Bank, noted that across South-east Asia, public spending outstrips gross domestic product, which is a good sign.

Speaking at the World Bank-Asia Competitiveness Institute (ACI) annual conference on infrastructure development for economic competitiveness, he said: "Yet when you go to so…