In the next decade, Asia needs a huge US$1 trillion for new infrastructure. Even before the Asian crisis, Asian governments encouraged private sector investment to help meet this shortfall. Now this involvement is even more vital. However, the crisis has highlighted serious investor and government profitability, cost and risk concerns. This timely and in-depth report focuses on major legal, regulatory, transparency, financial market and sectoral restructuring issues which regional governments must tackle to attract private investors back to Asian infrastructure. Forecasts of Asia's economic recovery, associated infrastructure demand and new reforms signal Australian business opportunities. Australian Government and aid implications are significant