Asian Development Bank chief Takehiko Nakao. Photo: AFP, Noel Celis

The Asian Development Bank continues to highlight the urgent need for infrastructure investment in Asia, as the organization announced the preparation of a long-term strategy to address regional challenges, reports Thailand Business News.

Speaking over the weekend, ADB president Takehiko Nakao said that the bank’s estimates of regional infrastructure spending needs has more than doubled to US$1.7 trillion, and that the bank will step up efforts to promote public-private partnerships.