Approximately $49 trillion in funding is needed globally to finance infrastructure projects, Eyüp Vural Aydın, Chairman of the Istanbul Public-Private Partnership Center of Excellence (Istanbul PPPCOE), said during the panel discussion titled “Cross-Border Infrastructure Public-Private Partnerships (PPP) for Regional Connectivity” held within the framework of the Islamic Development Bank (IsDB) Group Annual Meetings in Baku, APA reports.
According to him, global trade has more than tripled over the past 25 years.
“At the beginning of the millennium, global trade amounted to only $10 trillion. Today, that figure has reached approximately $30 trillion. However, infrastructure investments have not grown at the same pace,” he said.
Aydın noted that cross-border infrastructure projects are of strategic importance for ensuring energy, water, data and food security.
“The crisis in the Strait of Hormuz once again demonstrated the importance of global integration and alternative supply routes. Disruptions in supply chains have a direct impact on countries’ energy security,” he said.
He stressed that one of the key factors for investors is the creation of an environment of trust.
“To bridge the existing financing gap in infrastructure, it is essential to strengthen trust among countries and establish long-term cooperation mechanisms,” Aydın noted.
According to the PPPCOE chairman, a broader partnership model will emerge in the coming years.
“In the future, we will not only talk about public-private partnerships, but also public-private-people partnerships. Governments, businesses and society must work together to achieve sustainable development,” he said.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
