MANILA -- The Asian Development Bank plans to start a program to mediate conflicts between public and private sector entities in Asia's infrastructure developments. The bank will announce the program at its annual meeting, which starts Thursday in Yokohama.
In Asia, a growing number of infrastructure development projects are conducted under public-private partnerships, in which the government uses private funds and expertise. There are reportedly 40-50 PPP projects ongoing in Southeast Asian countries. However, the parties' interests often clash when formulating and commercializing the plans, resulting in projects being delayed.