Business & Economics Books:

Unlocking Private Investment in Sustainable Infrastructure in Asia

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Description

Investment in infrastructure is essential for promoting economic growth, and while countries in Asia have enjoyed higher rates of gross domestic product growth in recent years, the region remains severely deficient in the scale and quality of sustainable infrastructure. Moreover, population growth and climate change continue to put increasing pressure on the need for strategic and farsighted development, calling for policy makers to reevaluate infrastructure governance to ensure sustainable economic growth. Currently, in developing Asia, most investment in infrastructure comes from the public sector. However, with growing fiscal deficits and other budgetary constraints, it is essential to develop alternative sources of investment for infrastructure projects. This presents opportunities to tap into the private sector, which can play an instrumental role in minimizing the funding gap through the development of stronger, more transparent public–private partnerships (PPPs) and incentivizing sustainable infrastructure investment. This book provides a scholarly discussion on the importance of PPPs and approaches to unlock private participation in infrastructure investment based on lessons from across Asia. Among the proposed schemes are government tax incentives, development-based land value capture strategy under PPP land pooling, Viability Gap Funds, Project Development Facilities, and other guarantees. The book aims to assess the impacts and future of sustainable infrastructure investments and examines the role of governments in mobilizing financial resources and new models for unlocking private investment in sustainable infrastructure. This book consists of fifteen original chapters on the experiences of the Central Asia Regional Economic Cooperation (CAREC) and a few other cases for promoting private investment in sustainable infrastructure. The fact that not much has been published previously on this theme makes this book a welcome and timely addition to the much needed knowledge on this subject. ‘The Open Access version of this book, available at www.taylor fran cis.com, has been made available under a Creative Commons Attribution- Non- Commercial- No Derivatives 4.0 license.’

Author Biography:

Bhajan Grewal is Professor at Victoria University, Australia. Nella Hendriyetty is Senior Economist at the Asian Development Bank Institute (ADBI). Iskandar Abdullaev is Deputy Director Two, CAREC Institute Chul Ju Kim is Chairman of the Credit Coordination Committee, Republic of Korea, and Former Deputy Dean, ADBI Naoyuki Yoshino is Professor Emeritus, Keio University Japan and Former Dean and CEO, ADBI Eisa Khan Ayoob Ayoobi is Chief of the Capacity Building Division, CAREC Institute.
Release date NZ
November 11th, 2022
Audience
  • Tertiary Education (US: College)
Contributors
  • Edited by Bhajan Grewal
  • Edited by Chul Ju Kim
  • Edited by Eisa Khan Ayoob Ayoobi
  • Edited by Iskandar Abdullaev
  • Edited by Naoyuki Yoshino
  • Edited by Nella Hendriyetty
Illustrations
98 Tables, black and white; 55 Line drawings, black and white; 7 Halftones, black and white; 62 Illustrations, black and white
Pages
340
ISBN-13
9781032133461
Product ID
35835698

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