Singapore to play investment broker in Asia infrastructure push

(Oct 22): Singapore plans to spur investment in much-needed infrastructure in Southeast Asia by helping to structure projects to make them more “bankable,” a senior official said.

A new government agency called Infrastructure Asia will help connect the “supply and demand” for these projects, Indranee Rajah, Singapore’s second minister for finance, said in an interview on Monday with Bloomberg Television’s Haslinda Amin.

The Asian Development Bank estimates developing economies in Asia will need to invest about US$26 trillion ($35.8 trillion) in infrastructure projects until 2030, or US$1.7 trillion a year. Rajah said currently only about US$880 billion is being spent annually.

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