Article Abstract:
It became increasingly common in the 1980s for Asian governments to call on private companies to undertake a wide range of infrastructure schemes on a build-operate-transfer basis. This was regarded as an ideal way of obtaining new infrastructure without having to use government funds. However, it has become clear that putting such schemes into practice brings a number of serious problems. Across Asia, many build-operate-transfer schemes are still only at the planning stage, with governments and companies unable to agree on details.
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Article Abstract:
Infrastructure projects throughout developing Asia lag due to problems with bureaucracy and financing, though some signs show companies have figured out the new environment. Fierce competition has driven down the potential returns on many build-operate-transfer and public-private projects making the final agreement harder to reach and leading to post-agreement changes. Most of the projects in existence in May 1995 were on paper only. To keep up the torrid pace of economic and population growth, more must take solid form.
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Article Abstract:
East Asian countries are competing frantically to create and implement plans for building infrastructure after decades of underinvesting in that sector. Complicating factors include the shortage of people to coordinate efforts, disruptions to existing services, bureaucratic delays, and overly ambitious projects and schedules. Nevertheless, the region will probably dominate the global market for telephone, water, electricity, and road building facilities through 2010.
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