| Abstract | Newspaper reports regularly churn out mind-boggling forecasts about what china needs to "emerge" as an economic force in the next century - 110,000km of new roads, 200 shipping berths, the upgrading of 2,400km of river channels, 17,000km of rail lines and 20 new airports, to name just a handful of salient projects. The cost? US$250 billion in the next five years alone; about $35 billion of that will likely come from direct foreign investment. Hong Kong and regionally based companies eager to exploit this overwhelming demand for infrastructure are going to need cash - and lots of it- to finance their particular endeavours. |
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