India’s public-private investment (PPI) in infrastructure hit a 10-year low in 2015, shows latest World Bank data, marking sixth consecutive year of contraction.
“India recorded a 10-year low in investments, as only six road projects, usually a rich source of PPI over the past 10 years, reached financial closure,” the World Bank said in its latest annual report — Private Participation in Infrastructure Database. The report released in Washington on Tuesday showed total global investment in infrastructure in 2015 at $111.6 billion, almost same as $111.7 billon in the previous year but well below the five-year average of $124.1 billion between 2010 and 2014. “This contraction resulted from lower investments in Brazil, China and India,” the World Bank said, adding these are historically high PPI markets. The top player was Turkey which garnered investments up to $44.7 billion-$43.1billion in transport and $1.6 billion in energy.