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Asia infrastructure development needs coordinated approach to tap growing opportunities

The public sector needs to invite participation from commercial banks which will help multilateral development banks and development finance institutions mobilise private capital.

Labourers working on the construction site of a high-speed railway in Linyi, China. Co-finance and blended finance have yet to take off in Asia. According to the Asian Development Bank, public funding still accounts for about 92 per cent of the region's infrastructure investments.

IN the world of infrastructure, the funding deficit is a well-established fact. Asia needs US$26 trillion by 2030 for new buildouts, and Africa requires US$93 million a year to scale up projects. Much of the money has so far come from direct government financing or funding support from...

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