Given the scale of needed investments in infrastructure and limited availability of
public resources, private sector has to play an important role in enhancing regional
infrastructure connectivity. A major obstacle identified by the private sector as inhibiting its
involvement in regional infrastructure projects is the lack of a clear legal framework for its
participation. Government acceptance of risk-sharing between the public and private sector
players is also important to attract private investment. IMT-GT stakeholders, including the
governments, private sector and development partners should initiate structured policy
dialog informed by empirical analysis to effectively enhance the role of private sector in
infrastructure investments. A first step in this direction may be to initiate regional
workshops to identify and disseminate an agenda and scope for such policy dialog.