The book documents the evolution of Asia's infrastructure over the past half-century and reviews existing literature on the role of infrastructure investment in supporting growth and social development. It highlights the implications of tax financing and mass transit investments on land and property values and infrastructure financing. It then examines Asia's current practices and new solutions that can help meet the infrastructure gap. It discusses the role of institutions, how innovation can foster energy infrastructure investments, and the role of bond markets in infrastructure investments. The book explores ASEAN+3 efforts in developing local currency bond markets to provide long-term local financing for infrastructure investment while providing financial resilience. It also examines the use of green bonds to finance sustainable growth in Asia.
Contents: The Past and Future Role of Infrastructure in Asia's Development (Abdul Abiad, Rana Hasan, Yi Jiang, and Epictetus Patalinghug)Why Institutions Matter for Closing Asia's Infrastructure Financing Gap (Aimee Hampel-Milagrosa and Lotis Quiao)Infrastructure Financing, Growth and Development: Theory versus Empirical Evidence (Sanjay Peters, Shu Tian, and Mai Lin Villaruel)Spillover Capture Financing for Infrastructure Projects: Implications for Asia (Suk Hyun and Naoyuki Yoshino)Meeting New Realities in the Era of Smart Grids: Implications for Energy Infrastructure Investment and Financing in Asia (Yang Liu, Donghyun Park, and Sheng Zhong)Human Capital Formation and Inclusive Growth through Infrastructure (Sanjay Peters)Infrastructure Bond Market Developments in Asia: Challenges and Solutions (Suk Hyun, Donghyun Park, and Shu Tian)Local Currency Bonds and Infrastructure Finance in ASEAN+3 (Cynthia Castillejos-Petalcorin, Donghyun Park, Kosintr Puongsophol, Shu Tian, and Satoru Yamadera)Infrastructure Financing in South Asia (Shikha Jha and Rosa Mia Arao)Green Local Currency Bonds and Infrastructure Development in ASEAN+3 (Cynthia Castillejos-Petalcorin, Donghyun Park, Kosintr Puongsophol, Shu Tian, and Satoru Yamadera)The Empirical Evidence and Channels for Effective Public–Private Partnerships (Minsoo Lee, Raymond Gaspar, Emmanuel Alano, and Xuehui Han)
Readership: Investors and market players; Policymakers; Academics/ Researchers; Postgraduate students.Infrastructure Financing;Infrastructure Development;Asia;Local Currency Bonds;ASEAN+3;Growth and Development;Investments;Inclusive Growth;Financing Gap;Publicâ€“Private Partnerships0Key Features:Comprehensive analysis of infrastructure financing in developing AsiaHighlights the role of developing local currency bond market as support to long-term infrastructure investments