Economics
Southeast Asia Looks Beyond China to Fund Massive Project Needs
- Governments seeking outside investors through new market tools
- Region needs almost $3 trillion on infrastructure spending
Workers use shovels to pave a highway under construction on the outskirts of Dawei, Myanmar, on Dec. 22, 2017.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Across Southeast Asia, policy makers hungry for infrastructure investment are looking beyond China.
Southeast Asia’s economies will need to spend about $2.8 trillion on projects like roads, bridges, ports and railways from 2016 to 2030 in order to maintain economic growth and reduce poverty, the Asian Development Bank reckons.