Regional : Green and Innovative Finance Initiative for Scaling Up Southeast Asian Infrastructure

Sovereign Project | 52077-001

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

  • 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
Project Status
Active
Project Type / Modality of Assistance
  • Technical Assistance
Source of Funding / Amount
TA 9621-REG: Green and Innovative Finance Initiative for Scaling Up Southeast Asian Infrastructure
Source Amount
Technical Assistance Special Fund US$ 2.50 million
TA 9621-REG: Green and Innovative Finance Initiative for Scaling Up Southeast Asian Infrastructure (Supplementary)
Source Amount
Technical Assistance Special Fund US$ 1.00 million
Financial Sector Development Partnership Special Fund US$ 500,000.00
TA 9621-REG: Green and Innovative Finance Initiative for Scaling Up Southeast Asian Infrastructure (2nd Supplementary)
Source Amount
Technical Assistance Special Fund US$ 1.00 million
TA 9621-REG: Green and Innovative Finance Initiative for Scaling Up Southeast Asian Infrastructure
Source Amount
Republic of Korea e-Asia and Knowledge Partnership Fund US$ 1.50 million
TA 9621-REG: Green and Innovative Finance Initiative for Scaling Up Southeast Asian Infrastructure
Source Amount
Agence Francaise de Developpement US$ 462,800.00
Strategic Agendas
  • Environmentally sustainable growth
  • Inclusive economic growth
  • Regional integration
Drivers of Change
  • Gender Equity and Mainstreaming
  • Governance and capacity development
  • Knowledge solutions
  • Partnerships
  • Private sector development
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

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.

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

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

Contact

Responsible ADB Officer
Crishna Morgado, Naeeda
Responsible ADB Department
Southeast Asia Department
Responsible ADB Division
Green Finance Hub Unit, SERD (SGFH)
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

Funding

TA 9621-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
25 Oct 2018 - 25 Oct 2018 30 Sep 2021 23 Apr 2024 -
Financing Plan/TA Utilization
ADB Cofinancing Counterpart Total
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
Cumulative Disbursements
Date Amount
04 Jun 2024 6,554,664.15

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.


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.

Tenders

Tender Title Type Status Posting Date Deadline
Sector Specialist (Agriculture, Natural Resources, Environment, and Waste) Individual - Consulting Closed
Project Manager Climate Change Policy Support Individual - Consulting Closed
Lead Specialist and Sector Specialist (Energy and Transport) Individual - Consulting Closed
Financial Institutions Green Building Specialist Individual - Consulting Closed
Financial Modeler (ACGF Green Funds Development) Individual - Consulting Closed
National Project Coordinator (Public Policy) Individual - Consulting Closed
National Advisory Expert (Environment and Public Policy) Individual - Consulting Closed
National Public Debt Management Specialist Individual - Consulting Closed
Strategic Planning Specialist (Green Finance Hub Knowledge Management and Communcation) Individual - Consulting Closed
Climate Change Finance Specialist (Debt-For-Nature) Individual - Consulting Closed
Green Funds Specialist Individual - Consulting Closed
Health Care and Climate Mitigation and Finance Expert Individual - Consulting Closed
Disaster Risk and Climate Adaptation Health Expert Individual - Consulting Closed
National Public Investment Management Specialist Individual - Consulting Closed
Public Investment Management Specialist Individual - Consulting Closed
Aquaculture Value Chain Specialist Individual - Consulting Closed
Climate Change Public Policy Specialist Individual - Consulting Closed
Sustainable Agribusiness Specialist Individual - Consulting Closed
ACGF Thought Leadership Specialist Individual - Consulting Closed
National Institutional Coordination Specialist (Blue SEA Finance Hub) Individual - Consulting Closed
Senior Institutional Coordination Specialist (Blue SEA Finance Hub) Individual - Consulting Closed
National Finance Policy Specialist Individual - Consulting Closed
National Institutional Development Coordinator Individual - Consulting Closed
Climate Change and Climate Risk and Vulnerability Assessment Specialist Individual - Consulting Closed
National Climate Change and Climate Risk and Vulnerability Assessments Specialist Individual - Consulting Closed
Capacity Building Specialist Individual - Consulting Closed
Solid Waste and Environmental Management Expert Individual - Consulting Closed
Project Origination Specialist (Urban and Water Individual - Consulting Closed
Senior Sustainable Finance and Capital Markets Expert Individual - Consulting Closed
National SME Financing Specialist (Region 11) Individual - Consulting Closed
National SME Financing Specialist (Region 10) Individual - Consulting Closed
National Junior Researcher Individual - Consulting Closed
International Banking, Financial Management and Governance Specialist Individual - Consulting Closed
International Green Financing (Energy Efficiency and Renewable Energy) Specialist Individual - Consulting Closed
Developing Innovative Finance Pilot Transactions - Technical Specialist (ICT) Individual - Consulting Closed
Health Financing and Insurance Specialist Individual - Consulting Closed
Financial Structuring Expert Individual - Consulting Closed
National Innovative finance and PPP structuring Expert Individual - Consulting Closed
International Innovative finance and PPP structuring Expert Individual - Consulting Closed
Climate Finance Specialist (for Land Use and Agriculture Individual - Consulting Closed
International Legal Expert Individual - Consulting Closed
Technical Specialist (Developing Innovative Finance Pilot Transactions) Individual - Consulting Closed
Health Financing and Insurance Specialist Individual - Consulting Closed
Health Information Systems Specialist Individual - Consulting Closed
Developing Innovative Finance Pilot Transactions (Utility Energy Efficiency Services Design Manager) Individual - Consulting Closed
National Finance and Investment Specialist (for Credit Mapping for VIE) Individual - Consulting Closed
Senior International Finance and Investment Specialist (for Credit Mapping for VIE) Individual - Consulting Closed
International Finance Expert (for Viet Nam) Individual - Consulting Closed
National Finance Expert (for Viet Nam) Individual - Consulting Closed
Innovation Hub and ACGF Project Origination Specialist Individual - Consulting Closed
National Project Coordinator (Knowledge sharing events) Individual - Consulting Closed
Project Management Expert Individual - Consulting Closed
Project Coordinator (for TA Operations) Individual - Consulting Closed
Project Management (Senior Coordinator) Individual - Consulting Closed
Pilot Project Selection Framework (SDG-GFF) Individual - Consulting Closed
Team Leader-Green and Innovative Finance Mechanism for Indonesia Individual - Consulting Closed
Expert 2 (for Blue Bonds) Individual - Consulting Closed
Project Management (Senior Coordinator) Individual - Consulting Closed

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.