Asia has seen remarkable growth in recent decades, but it still needs to improve power grids, roads, waterworks and other infrastructure, both to sustain that growth and as a result of it. Asian economies also need to attract private-sector capital to fund these improvements; states cannot pay for them on their own.
Demand for infrastructure improvements in Asia will reach $26 trillion from 2016 to 2030, or $1.7 trillion per year, according to an estimate published by the Asian Development Bank in February, roughly double its forecast just eight years earlier.
