Make Asean infrastructure financing an asset class: Heng Swee Keat

Asean infrastructure projects also need to be more visible and improve their bankability to attract funding, he says

Published Thu, Apr 5, 2018 · 09:50 PM

Singapore

ASEAN finance ministers came together on Thursday to pitch their respective countries' infrastructure projects and the steps their governments have taken to cushion the risks for investors.

Led by Singapore's Finance Minister Heng Swee Keat, they called for a collective effort which would be more efficient in meeting international investors' concerns.

Asean countries have been successful in tapping the private capital market for infrastructure financing, but it is time to step this up, said Mr Heng, who delivered the keynote speech at the World Bank Singapore Infrastructure Finance Summit.

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