Impact Publications : AirCargo -252
Page 26 • AirCArgo AsiA-PACifiC • DEC 2017- JANUARY 2018 AUSTRALIA, Singapore and China are driving increased interest in infrastructure invest- ment in the Asia-Pacific region, according to international law firm CMS’ Infrastructure Index: A New Direction, which ranks 40 jurisdictions in order of infrastructure investment attrac- tiveness according to six key criteria. Four of the top 20 spots for investment attractiveness were secured by Asia-Pacific countries, with robust economic growth across the region, ambitious renewables plans and the world’s largest infrastructure project - China’s Belt and Road - set to re- shape the continent’s landscape over the next decade. Netherlands claims top spot The Netherlands claimed top spot overall after posting its highest GDP growth since 2007, expected to reach 3.3 per cent for the 2017 year. The country’s success was in part down to its transparent and efficient procurement process, and its healthy multi-billion-euro pipeline in road and water Pub- lic-Private-Partnerships (PPPs). Other countries in the top five were Canada, Germany, UK and Australia. Kristy Duane, CMS partner and co-head of Infrastructure and Project Finance in the UK said: “From China’s Belt and Road to New analysis says Asia- Pacific will be dominant in global infrastructure investment decisions the UK’s Brexit bump in the road, politics and policy remain central to shaping infrastructure invest- ment flows globally. “If governments are to attract the private capital available, they should look to countries like the Netherlands and Canada for in- spiration where transparency and a clear strategic vision for infra- structure shapes the agenda. “The CMS Infrastructure Index charts shifts in the attractive- ness of 40 countries across the globe and also highlights changes occurring in the infrastructure asset class, bringing a new wave of innovation to a market long de- pendent on standardised PPPs for much of its deal flow. The quest for deals has already prompt- ed the industry to explore less mature sectors such as energy storage, broadband, smart meters, student accommodation and rolling stock. It is fascinating to see which countries are leading the way.” China China’s Belt and Road initia- tive continues to deliver on the promised infrastructure boom in Asia. Given the longevity of this project, changes in the balance of infrastructure invest- ment in the region are likely to be profound. Though ranked at 20th position in the Index, China is primed to become a global engine of investment, with close to a trillion dollars expected to flow through the initiative by its completion, while highly ranked countries such as Australia and Singapore continue to benefit from stable and prosperous economies.