The ADB has also proposed sustainable financing solutions for the rapid mass transit system in mega-cities like Bangkok, Jakarta and Manila. Meanwhile, a Thai land developer complained about regulations discouraging the private sector from participating in the mass transit and related businesses. ADB has been helping developing Asian countries to build their mass transit system by providing financial support and technical assistance. It recently launched a report called “Sustaining Transit Investment in Asia’s Cities: A Beneficiary-Funding and Land Value Capture (LVC) Perspective”. “ADB also discusses with policymakers about the possibility of earmarked tax for financing mass transit projects,” he said.

Source: The Nation Bangkok May 28, 2019 18:07 UTC