Governments in Asia are starting to explore the potential of working with private firms when developing domestic infrastructure. Such public-private partnerships, or PPPs, have been a mainstay in countries like Britain and the United States in the past decade. And it is starting to catch on in the region as governments look to cut costs on large scale projects like building roads and airports. Industry...
Infrastructure
The government will spend S$14 billion to improve Singapore's road infrastructure over the coming years. The money will go towards building the new North-South Expressway, the earlier announced Marina Coastal Expressway, widening the Central and Tampines Expressways, and improving various interchanges. The Transport Ministry is optimistic the changes will soften the traffic gridlock. The go-ahead has...