The growing demand for essential infrastructure in Asia-Pacific region has seen the expansion of private investment in public infrastructure projects.
To enhance the effectiveness of policy frameworks and expand private participation in infrastructure public private partnerships (PPPs) in Chile, Mexico and Peru in particular, a meeting of the Asia-Pacific Infrastructure Partnership (APIP) Dialogue for Asia-Pacific region was held in Lima, Peru on 24-25 August 2011.
Corrs partner John Walter is a member of the Private Sector Panel at the APIP and provided private sector advice on infrastructure PPPs to the key Ministries of Mexico and Peru.
Mr Walter said: “In the current uncertain debt market, most jurisdictions are fiscally constrained and public sector investment alone will not meet the investment demands of essential infrastructure development.
“Chile, Mexico and Peru are developing markets for infrastructure projects with sophisticated markets. We discussed how these countries can best obtain the private investment necessary to deliver projects and ensure continued economic growth.
“The dialogue also highlighted the trans-jurisdictional issues for PPPs not just limited to Mexico and Peru and provided a high level of institutional context.”
The meeting was chaired by Gresham’s Mark Johnson and was attended by more than 25 panel members from the Asia-Pacific region.
The dialogue meeting is the first in a series with key Asia-Pacific Economic Cooperation (APEC) members’ policy makers and governments. The APIP initiative was initially developed by APEC Business Advisory Council (ABAC) and involves key high-level officials and senior private sector experts from around the globe with specialisation in infrastructure PPPs.
Corrs partner and CEO John Denton is Chair of ABAC’s Finance and Economics Working Group.
The content of this publication is for reference purposes only. It is current at the date of publication. This content does not constitute legal advice and should not be relied upon as such. Legal advice about your specific circumstances should always be obtained before taking any action based on this publication.