The UN’s most senior official in Asia-Pacific has echoed Indonesia’s call for more private sector participation in infrastructure projects, in order to spur economic growth.

Noeleen Heyzer, Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP ) was speaking at a ministerial conference in Jakarta where Indonesia’s President Susilo Bambang Yudhoyono made a similar call on Thursday. Attendees included development bodies like the World Bank and Asian Development Bank (ADB) as well as MEC Holdings, General Electric and Intel Corporation.

Ms. Heyzer said there was a “desperate need” for private investment, with Asia requiring up to US$750 billion a year in investment over the coming decade to support population and economic growth. There were still some hindrances facing greater private cooporation though, including a lack of awareness among some government officials.

source & article: UN News Centre