The Japan Bank for International Cooperation said Friday it has launched a joint study with the Asian Development Bank and the World Bank to promote infrastructure development in East Asia.
The study, tentatively titled “Infrastructure Development in East Asia: The Way Forward,” is being conducted toward the common goals of economic growth and poverty reduction in the East Asian region, JBIC said.
It is the first such joint effort by the three major development institutions in the region, JBIC said.
The study, expected to take about 18 months, will highlight the importance of infrastructure development in reducing poverty, and review the role and impact of infrastructure provision in East Asia, it said.
“It will explore various policy frameworks, such as a new global public-private partnership, and ways of financing for more efficient infrastructure provision,” the state-run bank said in a statement.
The study will cover all developing countries in East Asia and the Pacific.
The sectoral coverage will focus on so-called economic infrastructure, especially power, piped gas, transport, communications, water, sanitation and agricultural irrigation. The transport sector will include roads, railways, airports and ports, it said.
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