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Jakarta Post

Asia's next infrastructure boom

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Manila   /   Fri, September 22, 2017   /  12:12 pm
Asia's next infrastructure boom Infrastructure race: President Joko “Jokowi” Widodo (third from right) inspects a section of a toll road construction project in Bogor, West Java, during a recent visit. (JP/Ayomi Amindoni)

Infrastructure is essential for development. Roads, railways, ports and power supplies have helped drive Asia’s growth, allowing its people to get to work and its products to reach markets. For this momentum to continue, the region’s existing stock of infrastructure must be upgraded. A new generation of transport networks, energy facilities, and water and sanitation systems must be built. The demand for infrastructure across Asia and the Pacific far outstrips current supply, according to a recent ADB report, Meeting Asia’s Infrastructure Needs. More than US$26 trillion will be needed between 2016 and 2030, or $1.7 trillion a year, to deliver infrastructure that supports robust growth and is resilient to climate change. That’s double the amount spent annually at present. How can we close the gap? Asia’s governments alone cannot foot this staggering b...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.