A few months ago, I had a chance to visit the Panama Canal, which celebrated its 100th anniversary last year. It is truly a mega-structure that is the largest infrastructure project of its time. When I saw it, what struck me the most was - “How could this be possible”? One hundred years ago, Panama was a country that was just formed and capital markets were not very well-developed. And technology was obviously not as advanced as it is today.
Fast forward 100 years, in the world today, Asia has a huge demand for infrastructure. In Singapore, we know of Hyflux, which has one of the largest desalination plants in Singapore. Sembcorp Utilities has a power plant project in Bangladesh recently and PSA has a port in Guangxi China. These are just some examples of Singapore companies who have gone into infrastructure development. Yet, not enough projects have been implemented, especially in Asia.

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