Najeeb Haider, manager of investment operations department III at AIIB, speaks to CGTN.(Photo: VCG)
With opportunities in Belt and Road Initiative, private investments are needed to develop infrastructure projects, representatives at the 9th International Infrastructure Investment and Construction Forum said at the event held in Macao on Thursday and Friday.
Infrastructure needs in the Asia Pacific region will exceed 22.6 trillion US dollars by 2030, or 1.5 trillion US dollars per year, if the region is to maintain growth momentum, according to estimates from the Asian Development Bank.
Faced with a huge need for capital, the Asian Infrastructure Investment Bank (AIIB) is trying to increase the proportion of private capital in financing large infrastructure projects and taking energy, transportation and sustainable cities as a priority in capital allocation, Najeeb Haider, manager of investment operations department III at AIIB, told CGTN on the sidelines of the forum.
The upcoming Shanghai Cooperation Organization Summit in Qingdao city is expected to promote infrastructure projects in Central and South Asia and bring benefits for other business sectors.