Government Service Insurance System (GSIS) has signed an agreement with Global Infrastructure Partners (GIP) for investment commitment.
Under the agreement, GSIS will invest US$300 million in the GIP Emerging Markets Fund for infrastructure projects that span transportation, energy and digitalization. The partnership is in line with efforts to further diversify GSIS' assets and generate higher returns for the benefit of the fund's more than 2 million members and retirees. GIP manages US$87 billion in assets. The fund works in partnership with co-investors and public sector stakeholders to improve infrastructure.
GIP Emerging Markets Fund focused primarily on energy, transport, digital technologies, water supply/waste and other industries. The fund aims to invest in electricity and utilities, natural resource infrastructure, air transport infrastructure, seaports, freight railways, water distribution and treatment, and waste management. GIP Emerging Markets is committed to providing investors with differentiated investment opportunities to access emerging markets in Asia and Latin America.
San Miguel Corp. has secured the concession to put up the PHP27 billion (US$491 million) Cavite-Batangas Expressway (CBEX) through an agreement with the Cavite government in the Philippines. CBEX wil...
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Read moreThe Project Development and Monitoring Facility (PDMF) has approved funding for feasibility studies for 2 proposed regional rail projects in the Philippines.
Read moreThe Philippine Public-Private Partnership Center has announced that together with the Asian Development Bank (ADB), and the Cities Development Initiative for Asia (CDIA), it is transferring...
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