Infrastructure Policy and Economic Growth: Case of Hong Kong

Abstract

The article argues that in most infrastructure projects, the government has to take up a leading role in managing the development of strategic infrastructure. This article also discusses the value of an integrated approach linking the public and private sectors in infrastructure investment. Such an integrated approach reflects both the need to build agreement between various interested parties, and also the strength of the private sector, whose forces may be effectively combined with foreign ventures. By so doing the investment risk can be minimised and maximum market efficiency can be achieved