At the APEC Economic Leaders’ Meeting (AELM) held in Beijing on 10-11 November, 2014, Leaders endorsed the “APEC Connectivity Blueprint for 2015-2025” based on the commitment at AELM in 2013 in Bali, Indonesia. The Blueprint stipulates that under physical connectivity, with regards to cross-sectoral issues, the Leaders will focus on, in addition to improvement of the investment climate and enhancement of infrastructure financing through public private partnerships (PPP), (1) adopting comprehensive assessment methods that considers key quality elements in evaluation of infrastructure project proposals and (2) enhancing the application of good practices and people-centered investment for planning and implementing infrastructure projects.
As a follow-up of the APEC Connectivity Blueprint, Japan is proposing an evidence-based study with a view to providing an overview of existing practical guiding principles on the cross-cutting issues. This evidence-based study will take stock of various existing rules/standards adopted by donors/creditors of both public/private, multilateral/bilateral, and those of developed/developing economies. Based upon the outcome of the stocktaking, the study will explore the desirable infrastructure investment in terms of sustainable and quality growth/development in the APEC region, thereby contributing to the Blueprint with regard to the cross-cutting issues of Physical Connectivity. Given the importance of these cross-cutting issues for investment, this evidence-based study, which will respond to the questions about desirable way to follow in infrastructure development in the APEC region, is expected to help the APEC member economies enhance awareness of a set of existing guiding principles to be applied for infrastructure investment. It will also serve for assisting the Action Agenda on Promoting Infrastructure Investment Through Public-Private Partnership (PPP) which was welcomed by the APEC Leaders in November 2014, and refers to promotion of continued policy dialogue on methods of financing infrastructure investment, share of good policies and practices, acceleration of IEG’s work in assembling PPP Guidebook, taking ABAC Enablers of Infrastructure Checklist as a useful reference, and strengthening collaboration between APEC economies, ABAC and private sectors, and international organizations.
It is also reminded of the fact that the 21st APEC Finance Ministers’ Meeting Joint Ministerial Statement acknowledged the critical and leading role played by the public sector in fostering PPP modalities, through facilitating an enabling environment, formulating infrastructure development plans, based on quality elements of infrastructure, good practices and principles and people-centered investment, preparing bankable projects, and the importance of attracting long-term private financing. It should also be reminded of the Implementation Roadmap to Develop Successful Infrastructure Public-Private Partnership (PPP) Projects in the APEC Region, which was endorsed by the APEC Finance Ministers, and was welcomed by the APEC Leaders in 2014.
1) Planned Activities
a) To conduct an evidence-based study which is composed of two elements: Conducting stocktaking research on various existing rules/standards of infrastructure development; and by assessing the outcome of the stocktaking, desirable infrastructure investment will be explored, thereby contributing to the Blueprint with regard to the cross-cutting issues of Physical Connectivity, in terms of the key elements serving for sustainable and quality growth/development including those of the quality of infrastructure, people-centered investment, and other operational principles.
b) Comments/ inputs on the outcome of the study from the private sector will be sought through APEC Business Advisory Council (ABAC) in an appropriate way.c) Final product (report) will be submitted to the APEC Ministerial Meeting and the APEC Economic Leaders Meeting.
 APEC PSU’s “Report to Implement the APEC Connectivity Blueprint”, which was published after the APEC Leaders’ Meeting to support the implementation of the APEC Connectivity Blueprint for 2015-2025, elaborates the method as the one of considering not only the purchase price, but also key quality elements such as lifecycle cost including performance and durability, environmental impacts, safety and maintainability. Its objective is to increase the Quality of Infrastructure of which further details were shared by “APEC Guidebook on Quality of Infrastructure Development and Investment” which was welcomed by the APEC Ministers.
 APEC PSU’s “Report to Implement the APEC Connectivity Blueprint” illustrates “good practices and principles” such as on environmental and social considerations, transparency, sustainability, financial soundness and accountability.
 APEC PSU’s “Report to Implement the APEC Connectivity Blueprint” also elaborates that people-centered investment emphasizes the importance of having as many local people as possible enjoy the economic benefit through creating local employment for example, enhancing social resilience to economic fluctuations, climate change and natural disasters, and advancing capacity building among local people.