ADB: Southeast Asia needs 7.1 trillion USD in infrastructure investment by 2040
Jakarta, Nov. 11 -- Southeast Asia needs around 7.1 trillion USD in infrastructure investment by 2040 to sustain economic growth, strengthen energy security and build more connected and resilient economies, according to a report released by the Asian Development Bank (ADB) on November 10. The report, entitled "The 7 Trillion USD Challenge: Building Tomorrow's ASEAN", estimates that the region will need an average of 476 billion USD in infrastructure investment annually during 2026-2040, equivalent to 8.7% of gross domestic product (GDP). However, at current investment levels, government budget resources would cover only around 45% of this demand, leaving an annual financing gap of 264 billion USD. "Southeast Asia's growth depends on what ...
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