Exhibit 11 After experiencing a significant fall following the Asia Financial Crisis, private infrastructure investment has slowly increased Private infrastructure investment1 In US$ billions 24 22 Cambodia Philippines Viet Nam Indonesia Malaysia Myanmar Lao PDR Thailand 20 18 16 14 12 10 8 6 4 2 0 1996 97 98 99 2000 01 02 03 04 05 06 07 08 09 2010 11 12 13 14 1 Data unavailable for Singapore and Brunei Darussalam. SOURCE: World Bank Private Participation in Infrastructure Database 9. Significantly enhance the evaluation and sharing of best practices on infrastructure productivity in ASEAN. Past academic work has found opportunities for reducing the cost of infrastructure by around 40 percent through better project selection, more efficient delivery and greater accountability, an emphasis on maximising the life span and capacity of existing assets, strong infrastructure governance, and a robust financing framework.31 ASEAN Member States vary widely on their performance in relation to these different elements, suggesting opportunities to improve productivity through greater sharing of relevant best practices.32 As part of the proposed initiatives in this area, a new assessment framework and a platform will be established to measure infrastructure productivity and share best practices in ASEAN Member States 10. Increase the deployment of smart urbanisation models across ASEAN. The growth of cities across ASEAN is generating economic momentum—but it also poses enormous challenges. Although income and prosperity are rising, many of the region’s cities are struggling with quality-of-life issues. Some of the region’s largest cities are feeling the strains of rapid population growth, which 31 Infrastructure productivity: How to save $1 trillion a year, McKinsey Global Institute, January 2013. 32 Southeast Asia at the crossroads: Three paths to prosperity, McKinsey Global Institute, November 2014. MASTER PLAN ON ASEAN CONNECTIVITY 2025 45