Singapore seeks pipeline of bankable projects in region

Singapore

UNDER its drive to be an infrastructure hub for Asia, Singapore is looking to increase the number of "bankable" infrastructure projects in the region.

The infrastructure needs of the region are huge, but there are not enough bankable projects to attract commercial financing, said Minister for National Development Lawrence Wong on Wednesday.

"Our first priority must be to get more projects bankable. Once we do that, we have more bankable projects to attract sources of funding beyond just bank-based finance.

"In today's situation, the banks are quite comfortable a…