Unlocking Private Investment in Sustainable Infrastructure in Asia

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 a...

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Опубликовано: Taylor & Francis 2023
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collection Directory of Open Access Books
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.’
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spelling doab-20.500.12854ir-1218632025-03-20T23:13:08Z Unlocking Private Investment in Sustainable Infrastructure in Asia Grewal, Bhajan Hendriyetty, Nella Abdullaev, Iskandar Kim, Chul Ju Yoshino, Naoyuki Ayoob Ayoobi, Eisa Khan Economic Infrastructure Infrastructure investment Private Equity Public Infrastructure Investment Public-Private Partnership 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.’ 2023-11-17T08:50:49Z 2023-11-17T08:50:49Z 2023-08-31T08:45:27Z 2023 book ONIX_20230831_9781000785067_68 OCN: 1325653434 https://library.oapen.org/handle/20.500.12657/76008 9781000785067 9781032133454 9781032133461 9781003228790 https://directory.doabooks.org/handle/20.500.12854/121863 eng Routledge Studies in Development Economics open access image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/76008/1/9781000785067.pdf https://library.oapen.org/bitstream/20.500.12657/76008/1/9781000785067.pdf https://library.oapen.org/bitstream/20.500.12657/76008/1/9781000785067.pdf https://library.oapen.org/bitstream/20.500.12657/76008/1/9781000785067.pdf Taylor & Francis Routledge 10.4324/9781003228790 10.4324/9781003228790 fa69b019-f4ee-4979-8d42-c6b6c476b5f0 9781000785067 9781032133454 9781032133461 9781003228790 Routledge 364 open access
spellingShingle Economic Infrastructure
Infrastructure investment
Private Equity
Public Infrastructure Investment
Public-Private Partnership
Unlocking Private Investment in Sustainable Infrastructure in Asia
title Unlocking Private Investment in Sustainable Infrastructure in Asia
title_full Unlocking Private Investment in Sustainable Infrastructure in Asia
title_fullStr Unlocking Private Investment in Sustainable Infrastructure in Asia
title_full_unstemmed Unlocking Private Investment in Sustainable Infrastructure in Asia
title_short Unlocking Private Investment in Sustainable Infrastructure in Asia
title_sort unlocking private investment in sustainable infrastructure in asia
topic Economic Infrastructure
Infrastructure investment
Private Equity
Public Infrastructure Investment
Public-Private Partnership
topic_facet Economic Infrastructure
Infrastructure investment
Private Equity
Public Infrastructure Investment
Public-Private Partnership
url ONIX_20230831_9781000785067_68