Innovative Financing for City Infrastructure Investment by Increasing the Rate of Return from Spillover Tax Revenues

Naoyuki Yoshino (), Nella Hendriyetty (), Saloni Lakhia and Widya Alwarritzi
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Saloni Lakhia: Asian Development Bank Institute
Widya Alwarritzi: Asian Development Bank Institute

No 979, ADBI Working Papers from Asian Development Bank Institute

Abstract: The growing trend of urban city development requires various infrastructure investments, including water supply, electricity, sanitation, transportation, and other supporting facilities. In facing this challenge, many Asian countries experience significant constraints, particularly on the issues of land acquisition and insufficient financial supply, which potentially create a time delay in infrastructure investment and huge budget deficits. If these infrastructure investments were financed by overseas investors, future exchange rate risks would have to be carried by infrastructure companies. We examine further ways to attract more investment in infrastructure by applying spillover tax revenues. We also present case studies of some innovative financing aspects of Japan and other countries.

Keywords: infrastructure financing; spill-over effects; tax revenue; land acquisition; smart city; connectivity (search for similar items in EconPapers)
JEL-codes: C31 H21 O18 R51 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2019-07-22
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbiwp:0979

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