Infrastructure Policy and Economic Growth: Case of Hong Kong

Abstract

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