Declan Magee, Senior Economist, Asian Development Bank attended the 2nd annual BCM Summit and gave a presentation on Meeting Asia’s Infrastructure Needs. 

Key messages of his presentation was as follows;

• Developing Asia needs $26 trillion (in 2015 prices), or $1.7 trillion per year, for infrastructure investment in 2016-2030
• Without climate change mitigation and adaptation, the needs are $22.5 trillion, or $1.5 trillion per year
• These are more than double ADB 2009 estimates
• The infrastructure investment gap varies across country
• Both public and private sectors must increase infrastructure finance reforms are key.

We made a short interview with Declan Magee and touched issues on promoting the involvement of private sectors in infrastructure projects, the most challenging issue in the development of Mongolia`s infrastructure sector and major infrastructure project that is planning to be implemented by ADB in Mongolia in near future. 

 For the full interview, please watch the video below.