Regional : Green and Innovative Finance Initiative for Scaling Up Southeast Asian Infrastructure
The TA is aligned with the following impact: increased share of private capital for green infrastructure projects across Southeast Asia. The TA will have the following outcome: improved capacity of Southeast Asian governments to use innovative finance structures in developing green and bankable infrastructure projects that can attract private capital and/or management. To achieve these, the TA proposes three key outputs: (i) innovative finance models and mechanisms for infrastructure in Southeast Asia developed; (ii) innovative finance pilot transactions developed; and (iii) sustainable approaches for the green and innovative finance initiative developed.
Project Details
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Project Officer
Crishna Morgado, Naeeda
Southeast Asia Department
Request for information -
Country/Economy
Regional -
Sector
- Finance
| Project Name | Green and Innovative Finance Initiative for Scaling Up Southeast Asian Infrastructure | ||||||||||||||||||||||
| Project Number | 52077-001 | ||||||||||||||||||||||
| Country / Economy | Regional Brunei Darussalam Cambodia Indonesia Lao People's Democratic Republic Malaysia Myanmar Philippines Singapore Thailand Viet Nam |
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| Project Status | Active | ||||||||||||||||||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth Regional integration |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Knowledge solutions Partnerships Private sector development |
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| Sector / Subsector |
Energy / Oil and gas transmission and distribution Finance / Finance sector development - Infrastructure finance and investment funds - Money and capital markets Transport / Urban roads and traffic management |
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| Gender | Some gender elements | ||||||||||||||||||||||
| Description | The TA is aligned with the following impact: increased share of private capital for green infrastructure projects across Southeast Asia. The TA will have the following outcome: improved capacity of Southeast Asian governments to use innovative finance structures in developing green and bankable infrastructure projects that can attract private capital and/or management. To achieve these, the TA proposes three key outputs: (i) innovative finance models and mechanisms for infrastructure in Southeast Asia developed; (ii) innovative finance pilot transactions developed; and (iii) sustainable approaches for the green and innovative finance initiative developed. | ||||||||||||||||||||||
| Project Rationale and Linkage to Country/Regional Strategy | The regional knowledge and support technical assistance (TA) address the need to develop a scalable pipeline of green and bankable infrastructure projects across Southeast Asia. Integrating environmental sustainability (or 'greening_) and financial sustainability in projects requires massive private sector funds from commercial, institutional, and other sources, as well as technology and management efficiencies. To achieve this, public sector funds and approaches must be better leveraged through innovative project financing structures. Most Southeast Asian developing countries are unfamiliar with such structures, and the TA will focus on building green, innovative financing models, mechanisms, capacities, and concepts that can be mainstreamed in Southeast Asian project pipelines. | ||||||||||||||||||||||
| Impact | Share of private capital for green infrastructure projects across Southeast Asia increased. |
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| Project Outcome | |
|---|---|
| Description of Outcome | Capacity of Southeast Asian governments to use innovative finance structures in developing green and bankable infrastructure projects that can attract private capital and/or management improved. |
| Progress Toward Outcome | TA activities commenced in several countries in Southeast Asia. |
| Implementation Progress | |
| Description of Project Outputs | 1. Innovative finance models and mechanisms for infrastructure in Southeast Asia developed 2. Innovative finance_pilot transactions developed 3. Sustainable approaches for the green and innovative finance initiative developed |
| Status of Implementation Progress (Outputs, Activities, and Issues) | Various consultations on demands were conducted with several countries to identify the scope of models and mechanisms to be developed and adopted. Work is underway on scoping these areas for further development. |
| Geographical Location | Brunei Darussalam - Nation-wide; Cambodia - Nation-wide; Indonesia - Nation-wide; Lao People's Democratic Republic - Nation-wide; Malaysia - Nation-wide; Myanmar - Nation-wide; Philippines - Nation-wide; Singapore - Nation-wide; Thailand - Nation-wide; Viet Nam - Nation-wide |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | Consultations with government agencies, private sector, local governments and development partners were actively pursued. |
| Business Opportunities | |
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| Consulting Services | The technical assistance will require 63 person-months of national consultancy and 72 person-months of international consultancy inputs over the implementation period |
| Procurement | None |
| Responsible ADB Officer | Crishna Morgado, Naeeda |
| Responsible ADB Department | Southeast Asia Department |
| Responsible ADB Division | Office of the Director General, SERD |
| Executing Agencies |
Asian Development Bank |
| Timetable | |
|---|---|
| Concept Clearance | 06 Jul 2018 |
| Fact Finding | 01 Jun 2018 to 30 Jun 2018 |
| MRM | - |
| Approval | 25 Oct 2018 |
| Last Review Mission | - |
| Last PDS Update | 27 Mar 2019 |
TA 9621-REG
| Milestones | |||||
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| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 25 Oct 2018 | - | 25 Oct 2018 | 30 Sep 2021 | 24 Oct 2023 | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 5,000,000.00 | 1,962,800.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6,962,800.00 | 02 Nov 2022 | 4,115,568.47 |
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.
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| Title | Document Type | Document Date |
|---|---|---|
| Green and Innovative Finance Initiative for Scaling Up Southeast Asian Infrastructure: Technical Assistance Report | Technical Assistance Reports | Nov 2018 |
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
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.
ADB’s SERD Innovation Hub: Fostering Green and Innovative Finance across Southeast Asia
ADB's SERD Innovation Hub presents its mission, objectives, key activity pillars, and achievements in addressing environmental challenges while promoting catalytic approaches to mobilize funds and bridge the infrastructure financing gap in ASEAN.
Tenders
Contracts Awarded
| Contract Title | Approval Number | Contract Date | Contractor | Address | Executing Agency | Total Contract Amount (US$) | Contract Amount Financed by ADB (US$) |
|---|---|---|---|---|---|---|
| Capacity Development Technical Assistance | Technical Assistance 9621 | 05 Oct 2021 | LANDELL MILLS LIMITED (U.K.) | Bryer Ash Business Park Trowbridge, Wiltshire BA14 8HE United Kingdom | Asian Development Bank | 269,128.00 | — |
Procurement Plan
None currently available.