Japan, Canada and Australia Provide $64 Million for ADB's PPP Preparation Facility

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Japan, Canada and Australia Provide $64 Million for ADB's PPP Preparation Facility

The governments of Japan, Canada and Australia are providing a total of US$64 million for an Asian Development Bank (ADB) facility to help developing Asia and the Pacific prepare, structure, and place public-private partnership (PPP) projects in the market.

Japan is providing $40 million to ADB's Asia Pacific Project Preparation Facility (AP3F), while Canada and Australia are contributing C$20 million and A$10 million, respectively. Additional donors are expected to join in the future. ADB will also contribute $10 million. The facility will finance project preparation work, including due diligence covering technical, financial, legal, and regulatory issues as well as safeguards.

Ryuichi Kaga, Head of ADB's Office of Public-Private Partnership (OPPP) stated:

"Given their huge infrastructure needs, governments in Asia and the Pacific need more options for funding and operational efficiency in infrastructure projects. Although there is keen interest to attract private investment into infrastructure, many countries in the region struggle with key success factors, namely adequate implementation resources to prepare, structure, and place transactions in accordance with international best practice."

OPPP is managing the new facility which will prioritize PPP infrastructure projects with regional cooperation, sustainable development, and climate change elements.

ADB's efforts are in parallel with those of the Group of Twenty (G20) and the Asia Pacific Economic Cooperation forum which have stressed the importance of attracting private sector participation in infrastructure as a means to promote growth, expand trade, and improve livelihoods. In 2014, the G20's Finance Ministers endorsed the Global Infrastructure Initiative which is aimed at increasing long-term private investment in infrastructure.

List of country news

Country news

  • May 08, 2015

    Victoria approves Transurban's unsolicited proposal

    The Victorian Government (Australia) has approved Transurban's unsolicited proposal to deliver a new Melbourne motorway, the Western Distributor project. Read more
  • May 13, 2015

    Mitsui to acquire 20% stake in Infrastructure Debt Funds Management Company

    Mitsui & Co., Ltd. has entered into an agreement with Westbourne Credit Management Limited to acquire a 20% equity ownership in Westbourne.  Read more
  • May 20, 2015

    MIRA-led consortium to acquire wireless infrastructure Crown Castle Australia

    A consortium led by Macquarie Infrastructure and Real Assets (MIRA) has entered into an agreement to acquire the Australian wireless communications infrastructure business, Crown Castle Australia Holdings Pty Ltd (CCA). Read more
  • May 22, 2015

    Western Australia announces plan to sell Fremantle port

    The government of Western Australia (WA) has announced plans to imminently sell the Fremantle port, its largest and busiest general cargo port. Read more
  • May 25, 2015

    QIC and CalPERS announce US$764 Million Asia-Pacific Infrastructure Partnership

    QIC had formed a US$764 million (A$1 billion) Asia-Pacific infrastructure partnership with the California Public Employees' Retirement System (CalPERS). Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.