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Realizing the Potential of Public-Private Partnerships to Advance Asia's Infrastructure Development

This publication highlights how public-private partnerships (PPPs) can be effective to meet Asia's growing infrastructure needs. It shows how governments and their development partners can use PPPs to promote more inclusive and sustainable growth. The study finds that successful PPP projects are predicated on well-designed contracts, a stable economy, good governance and sound regulations, and a high level of institutional capacity to handle PPPs. It is the result of a collaboration between the Asian Development Bank, the Korea Development Institute, and other experts that supported the theme chapter "Sustaining Development through Public-Private Partnership" of the Asian Development Outlook 2017 Update.

About the Korea Development Institute

KDI, established in 1971, is an independent policy-oriented research organization and a leading think-tank of the Republic of Korea. It has contributed to policy making and institutional reform by conducting research in many areas, including macroeconomics, finance, fiscal policy, social security, labor, industry, trade, economic law, and the economy. It has developed into a comprehensive policy institute of international recognition by taking up diverse roles and functions.

The Public and Private Infrastructure Investment Management Center, the affiliated body of KDI, started its operations in 1999, serving as a gatekeeping agency of the Government of the Republic of Korea, then to procuring economic and social infrastructure, and enhancing efficiency and transparency of public and private infrastructure investments.

About the Asian Development Bank

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members-48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance.