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Vinokurov Å. (2007) Financing Infrastructure in Central Asia: Water and Energy Nexus. World Finance Review. Spring issue. pp.135-139.

03.31.2008

We assume that there are several elements which will eventually lead to an optimal solution for the Central Asian water and energy nexus. The availability of purely financial solutions should be framed politically. Under the new conditions of political independence and market economy, an efficient utilization of water and energy resources is only feasible on the basis of market-based regulation within an efficient political and regulatory framework. Given the complexity of interests involved, infrastructure development in Central Asia demands co-financing of large-scale investment projects with the participation of various states and multilateral development institutions.

available at  http://www.finetime.net/ebrd2007/Financing%20Infrastructure%20in%20Central%20Asia.pdf
or   here.

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