The following article is the third of several excerpts that have appeared in i3 from Infrastructure Investment, Private Finance, and Institutional Investors: Asia from a Global Perspective, a report commissioned by the Asian Development Bank Institute that reviews infrastructure investment and finance in Asia from a global perspective. The report with footnotes and references is available at www.georginderst.com, www.adb.org, or https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2721577. 

The previous excerpt provided an overview of the sources of infrastructure finance for projects in Asia. The next excerpt will cover institutional investors as financiers of Asian infrastructure and will be publis