Asian countries need to focus on PPP to support infrastructure: ADB

PPPs can help by bringing in private sector capital and technical expertise as governments continue to look for value for money in infrastructure provision, the authors said.

Asian countries should focus more on public-private partnerships (PPPs), as it will help them attract private capital and technical expertise in the infrastructure sector, which has been hit hard by the pandemic, Asian Development Bank (ADB) said in a blog.

The demand for existing infrastructure has fallen sharply due to the coronavirus pandemic and Asia Pacific countries should revisit their public-private partnership frameworks, making government support an integral element for seeking value-for-money through PPPs, ADB said.

Covid-19 is directly impacting infrastructure services around the world. The demand for existing infrastructure has fallen sharply. Construction of new infrastructure has slowed, if