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Jakarta Post

A lesson from Singapore's TOD

  • Seth Tan and Poh Mei Yi

Singapore   /   Sat, December 14 2019   /  01:46 am

JP/Dhoni SetiawanSome of the world’s most bustling cities are in Asia, with 44 million people moving through Asia’s cities every year. According to the Asian Development Bank (ADB), 80 percent of Asia’s new economic growth will be generated through these urban economies. These growth trends place a huge strain on urban transport and mobility — time loss and transport costs alone are estimated to be 2 to 5 percent of Asian economies’ annual gross domestic product. To support the growing demand for modern urban transport systems, Asian cities are heavily investing in the construction of roads and quality mass public transportation. However, government budgets are often insufficient to support the large pipeline of projects. To overcome this hurdle, private capital is often presented as a supplementary and alternative source of funding. To mobilize private capital to deliver urban...