Infrastructure Financing and Public-Private Partnerships
Infrastructure development is central to the 2030 Agenda for Sustainable Development with at least 12 out of the 17 Sustainable Development Goals (SDGs) having a direct link to infrastructure. Across the Asia-Pacific region, economic growth as well as broader development of economies is hindered by a shortage of roads, mass rapid transit systems, telecommunications, power plants, water and sanitation and other basic infrastructure, all of which are critical to achieve sustainable development.
Funding these investments is challenging for governments of developing economies that face budgetary constraints and limited borrowing capacity. In this regard, the Addis Ababa Action Agenda (AAAA) on Financing for Development, among other suggestions, stipulated “that both public and private investments have key roles to play in infrastructure financing, including through ... mechanisms such as public-private partnerships (PPPs)”.
Recognizing these challenges, ESCAP has provided policy and technical support on public-private partnerships and will continue to support its member States in their infrastructure financing efforts, including through regional cooperation, knowledge sharing and capacity building activities.