Europe’s bad fortune has been Asia’s opportunity, as infrastructure players from the region have risen to fill the funding gap. Japanese organisations have been at the forefront of this change, writes Mirzaan Jamwal
Twenty-two lenders, led by Bank Central Asia, will finance the proposed greenfield toll road, which is part of the Trans-Java highway. The project is being developed by Malaysian-Indonesian company Lintas Marga Sedaya.
Envisaged investment in Indian infrastructure has fallen by 52% from last year, down to $18.1bn. The power and telecommunication sectors are the hardest hit, according to the Reserve Bank of India’s annual report.
India’s Comptroller and Auditor General has accused the government of systematically benefitting the GMR-led consortium in 2006’s privatisation of Delhi’s Indira Gandhi International Airport. The government and GMR reject the report’s accusations.