City infrastructure cash held hostage by politics – expert

“(With) every political change, do you have to go back to the beginning and start all over?”
By Michael Taylor
KUALA LUMPUR – (Thomson Reuters Foundation) – Short terms of office for politicians and the bureaucratic challenges of managing project pipelines are holding back much-needed infrastructure investment in cities, a global resilience expert said on Thursday.
Cash is sitting idle due to a “market failure”, said Michael Berkowitz, president of the 100 Res