Easy Cash Ebbs for $300 Billion Asean Port-to-Rail Cost: Freight

Emerging Southeast Asian nations need to pour $300 billion into transport links to help ease freight bottlenecks. That just got harder as the prospect of reduced Federal Reserve monetary stimulus pushes up borrowing costs.

Indonesia, Thailand, Malaysia and the Philippines require $128 billion of investment in roads, $119 billion for rail, $33 billion in ports and $16 billion for airports through 2020, Goldman Sachs Group Inc. estimates. At the same time, their government bond yields have surged since May as concern the Fed could taper cash injections sparked outflows of foreign capital.