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.
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.