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Declan Magee: ADB is building road project in Western aimags

Journalist A.Odontuya
2017-06-21 10:10 GMT+8

Declan Magee, Senior Economist, Asian Development Bank attended the 2nd annual BCM Summit and gave a presentation on Meeting Asia’s Infrastructure Needs. 

Key messages of his presentation was as follows;

  • Developing Asia needs $26 trillion (in 2015 prices), or $1.7 trillion per year, for infrastructure investment in 2016-2030
  • Without climate change mitigation and adaptation, the needs are $22.5 trillion, or $1.5 trillion per year
  • These are more than double ADB 2009 estimates
  • The infrastructure investment gap varies across country
  • Both public and private sectors must increase infrastructure finance reforms are key.

We made a short interview with Declan Magee and touched issues on promoting the involvement of private sectors in infrastructure projects, the most challenging issue in the development of Mongolia`s infrastructure sector and major infrastructure project that is planning to be implemented by ADB in Mongolia in near future. 

 For the full interview, please watch the video below.  

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