Asia-Pac 'needs twice as much investment for infrastructure'
ADB says US$1.5 trillion will be needed each year from now to 2030, double its 2009 estimate for decade till 2020
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Tokyo
THE Asian Development Bank (ADB) has more than doubled its previous estimate of the annual investment that has to be made in basic infrastructure in the Asia-Pacific for it to continue growing economically and reducing poverty.
The bank said on Tuesday that developing Asia (excluding advanced nations such as Japan) will need to invest US$1.5 trillion a year between now and 2030 (a total of US$22.6 trillion), to beef up power, transport, communications and other infrastructure, mostly in China and India.
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