1887

Road and Rail Infrastructure in Asia

Investing in Quality

image of Road and Rail Infrastructure in Asia

Road and Rail Infrastructure in Asia: Investing in Quality discusses the challenges facing the region and possible policy options, including those previously or currently used in Emerging Asian countries, with reference to the experiences of OECD member countries. It provides analysis and recommendations for the region’s policy makers to consider in their efforts to improve the quality of infrastructure. In particular, it highlights the importance of considering the spill-over effects of infrastructure in investment decisions. A comprehensive infrastructure impact evaluation does not simply consider the financial feasibility of an individual project, but attempts to judge the full extent of the externalities of planned investments, looking at the positive and negative economic, social and environmental effects over different time periods. The report first presents project case studies, illustrating how policy makers have incorporated the principles of quality infrastructure. It then examines the local economic impact of infrastructure, the role of local governments in infrastructure development and the benefits and challenges of their involvement. It then goes on to discuss different infrastructure financing options including funding from public and private sectors, as well as public-private partnerships, and concludes with a focus on fostering improved alignment between national development strategies and infrastructure planning.

English

.

Foreword

OECD Development Centre

By connecting suppliers and markets, improving efficiencies and fostering indirect economic benefits, roads and railways, along with other kinds of transportation infrastructure, play fundamental roles in driving growth and development. While Emerging Asia (the ten ASEAN Member States, China and India) is expected to see continued strong performance in the future – with real GDP growing by an average 6.3% per year over 2018-22, according to the Economic Outlook for Southeast Asia, China and India 2018 – the demand for infrastructure remains high and additional investment is needed to support sustained economic expansion. At the same time, new approaches to infrastructure investment are also needed that prioritise the quality of these projects, addressing issues including effective governance, economic efficiency and resilience, empowerment of local communities, consideration of social and environmental impacts, alignment with economic and development strategies, and resource mobilisation.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error