The CAREC Institute in collaboration with the Asian Development Bank Institute (ADBI) is planning to deliver a virtual workshop titled Unlocking Private Investments in Sustainable Infrastructure in Asia: Lessons from Central Asia targeting senior government officials/experts from investment related ministries/agencies of all CAREC countries. The four-day capacity building event will be held during 23, 24, 30 September, 1 October 2020 online through the Zoom’s webinar platform.
According to ADB (Meeting Asia’s Infrastructure Needs, 2017), “developing Asia will need to invest $26 trillion from 2016 to 2030, or ca. $1.7 trillion per year if the region is to maintain its growth momentum, eradicate poverty, and respond to climate change.” Extracting “climate-adjusted estimate,” the investment demand stands at $22.6 trillion. The overall estimated investment of $14.7 trillion is deemed necessary for power, $8.4 trillion for transport, $2.3 trillion for telecommunications, and $800 billion for water and sanitation until 2030.
When looking beyond 2020, ADB identified infrastructure investment needs in its Operational Plan for Regional Cooperation and Integration (ADB, 2016) for several sub-regional cross-border programs including the Central Asia Regional Economic Cooperation (CAREC) Program where the number stood at $79.7 billion, including $37.5 billion for the transport sector, $1.3 billion for trade facilitation and $40.9 billion for energy. Given such demand and lack of public funding, it becomes critical to attract private funding for sustainable infrastructure development.
This virtual workshop aims to update and upgrade the target participants’ knowledge and skills on innovative and practical schemes of financing and attracting private investment for sustainable infrastructure development. Furthermore, the event will promote regional cooperation through policy discussion among policy makers and influencers of member countries as well as renowned international experts of the field, enhancing a collective way forward on regional schemes of cross-border private investment in sustainable infrastructure.
Register here: https://us02web.zoom.us/webinar/register/WN_JMDz_rw2RtKJX8c-kxNt5g