Regional: Promotion of Capital Market Instruments for Infrastructure Financing in the ASEAN

Sovereign Project | 45349-001

Summary

In October 2010, the ASEAN leaders adopted the Master Plan for ASEAN Connectivity (MPAC) to bring capital, peoples, goods, and services closer together through improved infrastructure. Given that the resource requirements for infrastructure development are significant, it is widely recognized that mobilizing private sector financing in infrastructure development will be critical. Catalyzing private investments for the ASEAN will, in turn, require more active use of the capital market instruments. In addition to financing private investment in infrastructure, the identification of private investments in the form of bankable public-private partnership (PPP) infrastructure projects remains a challenge.

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Project Name Promotion of Capital Market Instruments for Infrastructure Financing in the ASEAN
Project Number 45349-001
Country Regional
Project Status Closed
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 7969-REG: Promotion of Capital Market Instruments for Infrastructure Financing in the ASEAN
Technical Assistance Special Fund US$ 150,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Private sector development
Sector / Subsector

Finance - Money and capital markets

Gender Equity and Mainstreaming No gender elements
Description In October 2010, the ASEAN leaders adopted the Master Plan for ASEAN Connectivity (MPAC) to bring capital, peoples, goods, and services closer together through improved infrastructure. Given that the resource requirements for infrastructure development are significant, it is widely recognized that mobilizing private sector financing in infrastructure development will be critical. Catalyzing private investments for the ASEAN will, in turn, require more active use of the capital market instruments. In addition to financing private investment in infrastructure, the identification of private investments in the form of bankable public-private partnership (PPP) infrastructure projects remains a challenge.
Project Rationale and Linkage to Country/Regional Strategy ADB's role is to provide both financial and technical support, as well as to facilitate the region's policy coordination, capacity development, and knowledge generation and dissemination. Consistent with this catalytic role in regional cooperation, ADB proposes to study how the proposed ASEAN Capital Markets COE can support regional connectivity through capital market instruments and simultaneously support regional capital markets integration drawing on ASEAN Infrastructure Fund (AIF).
Impact Enhanced regional infrastructure development in the ASEAN region. through capital market financing, thereby leading to a greater connectivity in the region.
Project Outcome
Description of Outcome An operational mechanism is established to support the ASEAN's regional infrastructure development through a more active use of the capital market instruments for infrastructure financing.
Progress Toward Outcome
Implementation Progress
Description of Project Outputs Technical analyses and assessments which aim to develop an operational plan for a mechanism (such as the Center of Excellence ) to promote private infrastructure participation in the ASEAN region.
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services A total of around 6 person-months of international individual consulting services are required
Procurement Purchase of equipment (computer hardware and software) and statistical databases will be undertaken
Responsible ADB Officer Jin W. Cyhn
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Regional Cooperation and Operations Coordination Div, SERD
Executing Agencies
Asian Development Bank6 ADB Avenue, Mandaluyong
Metro Manila, Philippines
P.O. Box 789, 1099 Manila,
Philippines
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 06 Dec 2011
Last Review Mission -
Last PDS Update 07 Dec 2011

TA 7969-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
06 Dec 2011 - 06 Dec 2011 31 May 2012 31 Dec 2012 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
150,000.00 0.00 0.00 0.00 0.00 0.00 150,000.00 06 Dec 2011 149,820.31

Safeguard Documents

See also: Safeguards

No documents found.

Evaluation Documents

See also: Independent Evaluation

No documents found.


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