Region Needs $1 Trillion for Infra Investments A[euro]" ADB
Byline: EDU H. LOPEZ
East Asia will need $1 trillion in investments to fund infrastructure over the next several years, a level of investment far beyond the capacity of governments.
"We must intensify our efforts to build rails, roads and other cross-border infrastructure and coordinate the associated laws, rules and regulations. Financing will be a major challenge," said Haruhiko Kuroda, president of the Asian Development Bank (ADB).
Kuroda told participants of the Asia Business Conference that mobilizing the necessary resources will require further strengthening of Asiaas capital markets.
"It is ironic that Asiaas massive needs for …
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Publication information: Article title: Region Needs $1 Trillion for Infra Investments A[euro]" ADB. Contributors: Not available. Newspaper title: Manila Bulletin. Publication date: February 18, 2006. Page number: Not available. © 2009 Manila Bulletin Publishing Corp. COPYRIGHT 2006 Gale Group.
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