Asia Training and Research Initiative for Urban Management—ATRIUM
Launching of Asia Infrastructure Project Development Private Limited
15 April 2008; Singapore
Background | Objectives | Expected Outputs | Organizers | Participants | Venue | News Releases
In 2007, ADB and International Enterprise (IE) Singapore established the Asia Training and Research Initiative for Urban Management (ATRIUM) to promote cooperation and knowledge sharing in urban infrastructure and water management. One of ATRIUM’s objectives is to promote public-private partnerships in urban management.
To support ATRIUM’s thrusts, ADB is partnering with a consortium of three Singapore-based companies (Crest Spring Private Limited, The Konzen Group, and United Engineers Private Limited) to establish the Asia Infrastructure Project Development Pte. Ltd. (AIPD), a joint venture company incorporated in Singapore. Together, the parties intend to invest up to US$10 million in the company.
AIPD is envisioned to assist developing countries in Asia to develop commercially viable public-private partnership (PPP) projects in water supply, sanitation, and wastewater treatment. It will initially focus on projects in People’s Republic of China but will also explore business opportunities in India and Vietnam.
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The event celebrated the launch of the Asia Infrastructure Project Development Pte. Ltd. (AIPD), a Singapore-based joint venture company that would help develop water PPP projects in Asia.
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Signed Shareholders’ Agreement, witnessed by Guest of Honors Lim Hwee Hua, Singapore’s Senior Minister of State for Finance and Transport, and Bindu Lohani, ADB’s Vice President for Finance and Administration.
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The workshop was organized by ADB and Singapore Cooperation Enterprise.
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Representatives from the stakeholder companies, other development agencies, and the media attended the event.
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The launching was held at The Fullerton Hotel, Singapore.
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K.E. Seetharam
Principal Water Supply and Sanitation Specialist
water@adb.org
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