Private Infrastructure Boom to Revolutionize East Asia's Development
The article discusses how private investment in infrastructure in East Asia has been slow, needing about 1.5 trillion for the next decade. To speed things up, the government and private sectors need to work together. Both sides agreed that governments must commit to involving more private investment in building things like roads and power supplies. They also said that clear rules and fair competition among service providers are crucial. By setting fair prices, encouraging competition, and having transparent contracts, private companies can take more risks and consumers' needs can be better met. Overall, having a strong partnership between the public and private sectors can help improve infrastructure and benefit society in East Asia.