Regional : Supporting the Asia-Pacific Economic Cooperation (APEC) in Public-Private Partnership for Infrastructure Financing
The proposed S-PATA will support the APEC Finance Ministers' process in promoting PPP for infrastructure financing for the APEC economies through exploring the establishment of public-private partnership (PPP) centers in urban towns/cities (such as through supply-chain linkage) and knowledge sharing among the public and private sectors in effectively promoting urban infrastructure financing.
Project Details
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Project Officer
Lee, Junkyu
Economic Research and Development Impact Department
Request for information -
Country/Economy
Regional -
Modality
-
Sector
- Finance
Project Name | Supporting the Asia-Pacific Economic Cooperation (APEC) in Public-Private Partnership for Infrastructure Financing | ||||
Project Number | 47378-001 | ||||
Country / Economy | Regional |
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Project Status | Closed | ||||
Project Type / Modality of Assistance | Technical Assistance |
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Source of Funding / Amount |
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Strategic Agendas | Inclusive economic growth Regional integration |
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Drivers of Change | Governance and capacity development Private sector development |
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Sector / Subsector | Finance / Infrastructure finance and investment funds |
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Gender | |||||
Description | The proposed S-PATA will support the APEC Finance Ministers' process in promoting PPP for infrastructure financing for the APEC economies through exploring the establishment of public-private partnership (PPP) centers in urban towns/cities (such as through supply-chain linkage) and knowledge sharing among the public and private sectors in effectively promoting urban infrastructure financing. | ||||
Project Rationale and Linkage to Country/Regional Strategy | Despite progress in infrastructure development in the past decade, the Asia and Pacific region continues to face a growing infrastructure deficit as the growing income per capita together with rapid urbanization have put increasing pressure on the demand for infrastructure, particularly for electricity, air travel, roads, telecommunication, and internet use. Studies indicate that infrastructure financing requirements alone are estimated in the order of $750 billion/year during 2010-2020. Infrastructure investments have been almost exclusively financed by the public sector. There is great potential in tapping private sector investment for infrastructure in the region given a large amount of private funds are invested outside the region. Recognizing the need for much greater investment in infrastructure than the public sector could finance, a number of Governments in the region have stepped up efforts to promote private investment for infrastructure development through PPP, inviting both local and foreign investors to participate. Efforts to promote PPP for infrastructure development have now been extended beyond the traditional infrastructure sectors to PPPs for urban sectors to address the increasing urban infrastructure needs due to rapid urbanization. The development of such as yet nascent efforts at urban PPPs in countries like PRC would be reinforced by (i) experience sharing on PPPs with other APEC economies, (ii) institutional capacity building on PPP drawing on expertise and experiences from the external partners, (iii) exploring linkages with other existing PPP centers in urban towns/cities in APEC, and (iv) studying how regional trade flow can be facilitated by improved urban infrastructure. In a regional context, PPP centers in urban towns/cities, if well connected, have great potential to further promote trade, through private sector financing and trade reforms, complemented by public sector infrastructure investments and soft side trade reforms. Such an initiative on PPP for infrastructure development would be fully aligned with APEC's focus on infrastructure financing and with ADB's Strategy 2020 and RCI strategy. |
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Impact | Improved infrastructure development among the APEC economies. |
Project Outcome | |
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Description of Outcome | Improved infrastructure financing in the APEC region-for both domestic and regional infrastructure projects in APEC |
Progress Toward Outcome | |
Implementation Progress | |
Description of Project Outputs | Seminar/workshop on PPP financing for infrastructure Public and private sector dialogue on urban infrastructure financing Knowledge sharing among the PPP centers in urban towns/cities in the APEC economies; and Support for the APEC chair including policy advice and other requested support to facilitate the APEC Finance Ministers' process. |
Status of Implementation Progress (Outputs, Activities, and Issues) | |
Geographical Location | Regional |
Summary of Environmental and Social Aspects | |
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Environmental Aspects | |
Involuntary Resettlement | |
Indigenous Peoples | |
Stakeholder Communication, Participation, and Consultation | |
During Project Design | |
During Project Implementation | External partnership will be drawn upon consultation with MOF PRC and other related APEC economies. |
Business Opportunities | |
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Consulting Services | 3 person-months of international consultant inputs (public private partnership specialist) and 12 person-months of national consultant inputs (research assistant). |
Responsible ADB Officer | Lee, Junkyu |
Responsible ADB Department | Economic Research and Development Impact Department |
Responsible ADB Division | Regional Cooperation and Integration Division (ERCI) |
Executing Agencies |
Asian Development Bank |
Timetable | |
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Concept Clearance | - |
Fact Finding | - |
MRM | - |
Approval | 19 Dec 2013 |
Last Review Mission | - |
Last PDS Update | 15 Jan 2014 |
TA 8602-REG
Milestones | |||||
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Approval | Signing Date | Effectivity Date | Closing | ||
Original | Revised | Actual | |||
19 Dec 2013 | - | 19 Dec 2013 | 31 Jan 2015 | 31 Oct 2016 | 22 Feb 2017 |
Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
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ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
Gov | Beneficiaries | Project Sponsor | Others | |||||
225,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 225,000.00 | 17 Jun 2022 | 154,295.73 |
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Title | Document Type | Document Date |
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Supporting the Asia-Pacific Economic Cooperation (APEC) in Public-Private Partnership for Infrastructure Financing: Technical Assistance Completion Report | TA Completion Reports | Apr 2017 |
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