Singapore can bridge regional infrastructure’s bankability gap: Indranee

REGIONAL governments need to become more familiar with the concept of public-private partnerships for the next phase of their infrastructural developments, as private investors want to come in, said Second Minister for Finance Indranee Rajah on Friday (May 5).

She highlighted this as she sees a disconnect between supply and demand; public sector funds have all been deployed for Covid-19, so there is less available for infrastructure; but investors are looking for projects in this space, she said.

Speaking to The Business Times in Incheon, South Korea, as the 56th Asian Development Bank (ADB) Annual Meeting drew to a close, she identified the gap between this supply and demand as the projects’ bankability, and said Singapore wants to play a part.