In Latin America, instances in which private participation in infrastructure (PPI) occur have public finance accounting for a third of total project funding (Fay et al., In Asia, private investment dominates in the telecommunications sector and also has a significant presence in the energy sector, but its participation is very small in transport and virtually non-existent in water and sanitation (ADB, 2017). Thus, while private sector involvement in infrastructure investment may increase with greater supply of “bankable” projects, any rapid recovery of overall infrastructure investment in the future will critically depend on governments’ capacities to cam' out their leadership roles in planning and executing new infrastructure projects.