Future Prospect of Quality Infrastructure Projects in Asia through Public-Private Partnership | Asian Development Bank
Seminar Sponsored by Japan Bank for International Cooperation

Future Prospect of Quality Infrastructure Projects in Asia through Public-Private Partnership

Friday, 5 May 2017, 12:00 pm–1:30 pm, Annex Hall F203-204

Opening Remarks

Akira KondohAkira KondohGovernor, Japan Bank for International Cooperation

Akira Kondoh assumed the position of governor of the Japan Bank for International Cooperation (JBIC) in June 2016. In his previous position, he served as the managing director (outside director) from April 2012. Prior to joining JBIC, he held senior executive positions in Fuji Fire and Marine Insurance Company, AIG Japan Holdings, and Sony Corporation. He started his career with Sumitomo Bank in 1967, being stationed in New York twice for more than 17 years, where he served as the managing director. He also served as the president of Sumitomo Bank Capital Markets and managing director of Sumitomo Bank heading the Americas and Europe.

Keynote Address

Sri Mulyani IndrawatiGovernor for Indonesia, ADB; and Minister of Finance, Indonesia

Ms. Indrawati previously served in the same post of minister of finance of Indonesia from 2005 to 2010, before she was appointed as managing director of the World Bank Group in June 2010.

Speakers

Shamshad AkhtarShamshad Akhtar Under-Secretary-General, United Nations and Executive Secretary, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

UN Under-Secretary-General Shamshad Akhtar is executive secretary of the Economic and Social Commission for Asia and the Pacific. Previously the secretary-general’s senior advisor on economics and finance, as well as assistant secretary-general for economic development, she was governor of the Central Bank of Pakistan; vice president of the World Bank’s Middle East and North Africa region; and held a range of senior posts in the Asian Development Bank. Currently, she serves as the coordinator of the five United Nations Regional Commissions.

Stephen GroffStephen P. Groff Vice-President, East Asia, Southeast Asia and the Pacific, ADB

Stephen P. Groff is Vice-President (Operations 2) of ADB, responsible for the full range of ADB's operations in East Asia, Southeast Asia, and the Pacific. His mandate includes establishing strategic and operational priorities in his areas of responsibility, producing investment and technical assistance operations amounting to approximately $5 billion annually, managing an existing portfolio of about $31 billion, and leading about 650 staff. Prior to joining ADB, he was affiliated with the Organisation for Economic Co-operation and Development (OECD) and the Millennium Challenge Corporation (MCC).

Toshiaki HigashiharaPresident and CEO, Hitachi, Ltd.

Mr. Higashihara started his career in Hitachi in 1977. As a system designer, he led major projects in the fields of train control and power systems. In 2007, he was assigned vice-president of Hitachi. From 2008 to 2010, he led the power systems business as president of Hitachi Power Europe GmbH. In April 2014, he became president and COO of Hitachi and since 2016, he has been leading Hitachi as president and CEO. He graduated with a master's degree in computer science, Boston University.

Tadashi MaedaCEO and Executive Managing Director, Japan Bank for International Cooperation

Mr. Maeda has held various positions at the Japan Bank for International Cooperation, including global head of the Infrastructure and Environment Finance Group, representative director, and senior managing director. Between 2010 and 2012, he served as special advisor to the cabinet of Japan and advised the Prime Minister and chief cabinet secretary on new economic growth strategy, energy policy, and infrastructure development policy, with reference to the international market. He became a council member of the International Institute of Strategic Studies in 2014.

Closing Remarks

Nobumitsu HayashiCOO and Senior Managing Director, Japan Bank for International Cooperation

Nobumitsu Hayashi oversees global financing operations of the Japan Bank for International Cooperation (JBIC) as COO. Previously, he held various senior positions on international finance and economic policy and administration at the Government of Japan, including commissioner of national tax administration, director general of the Finance Bureau and president of the Policy Research Institute, both in the Ministry of Finance, and executive assistant to the Prime Minister. He was executive director for Japan at the World Bank Group from 2010 to 2012.

Moderator

Hideo NaitoManaging Executive Officer and Global Head of Infrastructure and Environment Finance Group, Japan Bank for International Cooperation

Hideo Naito entered the former Export-Import Bank of Japan in 1985 and served for more than 30 years in various sections. After leading the Power and Water Finance Department and Project Finance Committee, he became director general for corporate planning until June 2015, when he was appointed to his current position in the Japan Bank for International Cooperation. He also serves as a visiting professor at Hitotsubashi University and as a visiting fellow at Kyoto University on project finance.

Seminar Summary

Japan Bank for International Cooperation held a sponsored seminar focusing on future prospects of quality infrastructure projects through public-private partnerships. In his opening remarks, Mr. Akira Kondoh, Governor of JBIC, welcomed the audience as well as the speakers of the seminar who are experts in infrastructure development.

Dr. Sri Mulyani Indrawati, Minister of Finance of Indonesia started off the seminar with a keynote speech about the expected role of the private sector in infrastructure PPP projects from the perspective of local government. She stated that it is essential for public sector and private sector to fund infrastructure projects together to address its huge investment needs.

Mr. Toshiaki Higashihara, President & CEO of Hitachi, Ltd., spoke about how Hitachi tackles social challenges by providing advanced social infrastructure systems. Through innovation, Hitachi expects to create new value to improve the quality of life.

Dr. Shamshad Akhtar, Under-Secretary-General of the United Nations and Executive Secretary of ESCAP, discussed the necessity of developing resilient infrastructure to achieve high economic growth. She also emphasized the importance of green infrastructure development.

Mr. Stephen Groff, ADB vice president for east Asia, southeast Asia and the Pacific delved on how ADB could support local governments in structuring PPP projects. He stated that achieving sustainable development is essential for economic growth.

Following Mr. Groff, Mr. Tadashi Maeda, CEO, Executive Managing Director of JBIC, introduced the strengthening of JBIC’s functions, LNG value chain infrastructure development, and ASEAN connectivity. He expressed that stakeholders need to take a broader view and collaborate to strengthen its connectivity.

Mr. Nobumitsu Hayashi, COO, Senior Managing Director of JBIC, closed the session by thanking the speakers for sharing their views on quality infrastructure development. He concluded that connectivity, innovation, and resilience are the keywords for achieving sufficient investment to meet Asia’s huge infrastructure investment needs.