Regional : Promotion of Capital Market Instruments for Infrastructure Financing in the ASEAN
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 Details
-
Project Officer
Cyhn, Jin W.
Southeast Asia Department
Request for information -
Country/Economy
Regional -
Modality
-
Sector
- Finance
Project Name | Promotion of Capital Market Instruments for Infrastructure Financing in the ASEAN | ||||
Project Number | 45349-001 | ||||
Country / Economy | Regional Brunei Darussalam Cambodia Indonesia Lao People's Democratic Republic Malaysia Philippines Singapore Thailand Viet Nam |
||||
Project Status | Closed | ||||
Project Type / Modality of Assistance | Technical Assistance |
||||
Source of Funding / Amount |
|
||||
Strategic Agendas | Inclusive economic growth Regional integration |
||||
Drivers of Change | Private sector development |
||||
Sector / Subsector | Finance / Money and capital markets |
||||
Gender | 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 | Regional |
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 | Cyhn, Jin W. |
Responsible ADB Department | Southeast Asia Department |
Responsible ADB Division | Regional Cooparation and Integration, SERD |
Executing Agencies |
Asian Development Bank |
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 | 12 Apr 2013 |
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 | 17 Jun 2022 | 149,820.31 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
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
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
Tenders
Contracts Awarded
Procurement Plan
None currently available.