The following article is the second of several excerpts that will appear 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 first excerpt reviewed infrastructure financing needs in Asia. The second excerpt provides an overview of the sources of infrastructure finance for projects in Asia. The next excerpt — “Investment vehicles and P3s” — will be published in the May issue.

We begin this excerpt from Infrastructure Investment, Private Finance, and Institutional Investors: Asia from a Global Perspective, with an overview of the composition of in