DPM Wong names wish list for sustainable infrastructure at Asean meeting

JAKARTA – Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong named the top three items on his wish list for sustainable infrastructure projects – identify who pays for them, how to reduce their risks, and how to have more innovative financing.

“If we can identify projects, design the payments for these projects, then we have a healthier pipeline of infrastructure projects,” he said, adding that the projects can be both within Asean countries and cross-country projects across the region, such as an Asean power grid or a high-speed rail across two countries.

Some of the ways that governments can reduce the risk premium, he said, is by having greater contractual or regulatory certainty, or even by providing some basic guarantees in order to reduce risks.

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