Regional : Financial Sustainability of Early-stage Infrastructure Development—
Infraco Asia Development Pte. Ltd. (Infraco Asia) has requested ADB support in its endeavor to achieve commercial sustainability of its operations, which are of high developmental significance. Infraco Asia is a commercially managed infrastructure development and investment company of the Private Infrastructure Development Group (PIDG). Headquartered in Singapore, it aims to stimulate greater private sector investment in infrastructure in South and South East Asia. InfraCo Asia funds high-risk infrastructure development activities by taking an equity stake with a focus on socially responsible and commercially viable infrastructure projects that contribute to economic growth, social development and poverty reduction. At the appropriate time, either as close as possible to financial close and/or commercial operation, InfraCo Asia aims to (partially or fully, as appropriate) exit each project.
Project Details
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Project Officer
Mellor, Dominic P.
Private Sector Operations Department
Request for information -
Country/Economy
Regional -
Sector
- Energy
| Project Name | Financial Sustainability of Early-stage Infrastructure Development— | ||||
| Project Number | 53423-001 | ||||
| Borrower / Company | |||||
| Country / Economy | Regional |
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| Location | Regional | ||||
| Type or Modality of Assistance |
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| Operational Priorities | OP1: Addressing remaining poverty and reducing inequalities OP2: Accelerating progress in gender equality OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability OP4: Making cities more livable OP5: Promoting rural development and food security OP6: Strengthening governance and institutional capacity OP7: Fostering regional cooperation and integration |
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| Sector / Subsector |
Agriculture, natural resources and rural development / Agricultural production Energy / Energy efficiency and conservation Information and communication technology / ICT infrastructure Transport / Multimodal logistics Water and other urban infrastructure and services / Urban sewerage |
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| Gender | Some gender elements | ||||
| Responsible ADB Department | Private Sector Operations Department | ||||
| Responsible ADB Division | Office of the Director General, PSOD (OPSD) | ||||
| Responsible ADB Officer | Mellor, Dominic P. | ||||
| Project Sponsor(s) | |||||
| Objectives and Scope | Infraco Asia Development Pte. Ltd. (Infraco Asia) has requested ADB support in its endeavor to achieve commercial sustainability of its operations, which are of high developmental significance. Infraco Asia is a commercially managed infrastructure development and investment company of the Private Infrastructure Development Group (PIDG). Headquartered in Singapore, it aims to stimulate greater private sector investment in infrastructure in South and South East Asia. InfraCo Asia funds high-risk infrastructure development activities by taking an equity stake with a focus on socially responsible and commercially viable infrastructure projects that contribute to economic growth, social development and poverty reduction. At the appropriate time, either as close as possible to financial close and/or commercial operation, InfraCo Asia aims to (partially or fully, as appropriate) exit each project. It does this through the sale of its stake to the private sector in order to catalyze private sector investment and participation into the projects and countries it is involved in. | ||||
| Linkage to Country/Regional Strategy | |||||
| Safeguard Categories | |
|---|---|
| Environment | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | - |
| Credit Committee Meeting | - |
| Approval | - |
| Last PDS Update | 07 Sep 2023 |
TA 9926-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 20 Dec 2019 | - | 20 Dec 2019 | 31 Dec 2020 | 31 Dec 2023 | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 220,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 220,000.00 | 29 Mar 2023 | 145,000.00 |
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