Page 37 - Demo Faces

In 2010, the members of the Association of Southeast Asian Nations (ASEAN) endorsed the Master Plan on ASEAN Connectivity to promote infrastructure development and connectivity. However, there is still an unmet need for bankable infrastructure projects across ASEAN countries to attract private investment through public-private partnership schemes.
ADB provided the technical assistance necessary to set up the ASEAN Infrastructure Centre of Excellence (AICOE), which aims to enhance the bankability
of public-private partnership projects and tap ADB credit for nancing enhancements. It also encourages linkages within ASEAN to stimulate projects and maintains active relationships with ADB stakeholders on public-private partnership projects. The center is an innovative initiative between Singapore, Canada, and ADB through a joint regional technical assistance. It supported a tender on the Cambodia National Solar Park Program through to completion, and is in the process of supporting over a dozen other projects with feasibility study and tender.
Find out more: Regional: Supporting Regional Project Development for Association of Southeast Asian Nations Connectivity
“Our next step is to promote a broader approach to attract private nancing sources with green and innovative features with ADB’s end-to-end support for relevant sector initiatives, such as renewable energy, health and education.”
Anouj Mehta
Principal Regional Cooperation Specialist , Southeast Asia Regional Department.
37
Financial products and solutions