SINGAPORE (Aug 18): Governments in Asia need to turn to private sector investments to help fill the gap of “unsustainable” government expenditure on infrastructure, says Indranee Rajah, Minister in the Prime Minister’s Office.

Citing figures released by the Asian Development Bank (ADB), Indranee says Asia will need some US$26 trillion ($36 trillion) in infrastructure investments up to 2030 in order to meet the needs of a growing population.

“The bulk of this growing population will lead to increase in demand for power, transport needs, sanitation, telecommunications, and water,” says Indranee at the Singapore Regional Infrastructure Summit (SRIS) on Friday. “If you put this into per annum terms, it would mean Asia needs US$1.7 trillion annually, which is more than twice the US$881 billion currently being spent in the region.”

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