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 Name||Promotion of Capital Market Instruments for Infrastructure Financing in the ASEAN|
|Project Type / Modality of Assistance||Technical Assistance
|Source of Funding / Amount||
|Strategic Agendas||Inclusive economic growth
|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.|
|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|
|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)|
Summary of Environmental and Social Aspects
|Stakeholder Communication, Participation, and Consultation|
|During Project Design|
|During Project Implementation|
|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||Cyhn, Jin W.|
|Responsible ADB Department||Southeast Asia Department|
|Responsible ADB Division||Regional Cooperation and Operations Coordination Div, SERD|
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
|Approval||06 Dec 2011|
|Last Review Mission||-|
|Last PDS Update||07 Dec 2011|
|Approval||Signing Date||Effectivity Date||Closing|
|06 Dec 2011||-||06 Dec 2011||31 May 2012||31 Dec 2012||-|
|Financing Plan/TA Utilization||Cumulative Disbursements|
|150,000.00||0.00||0.00||0.00||0.00||0.00||150,000.00||06 Dec 2011||149,820.31|
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|Title||Document Type||Document Date|
|Promotion of Capital Market Instruments for Infrastructure Financing in the ASEAN||TA Completion Reports||Sep 2013|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
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None currently available.
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