South Korea signs MoU with ADB for Climate and ICT Projects
The Asian Development Bank (ADB) and the Republic of Korea have signed a memorandum of understanding(MoU) to provide US$ 700 million in co-financing from the Republic of Korea for ADB sovereign development projects over the next 3 years.
Half of the allocated amount—US$ 350 million—will cofinance projects through the Association of Southeast Asian Nations (ASEAN) Catalytic Green Finance Facility (ACGF) managed by ADB. ACGF projects jointly funded with the Republic of Korea will help governments in Southeast Asia implement infrastructure projects that promote environmental sustainability, including ocean health, and contribute to climate change goals.
Country updates
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May 07, 2021
Philippines plans to build four solar PV-hybrid power plants
National Power Corporation (NPC) in the Philippines has announced its plans to build four more solar photovoltaic-diesel hybrids in its Small Power Utilities Group (SPUG) plants. The plan entails plan...
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May 06, 2021
Philippines to launch Swiss Challenge for CALAX expressway PPP
The government of the Philippines is planning to hold a Swiss Challenge before the end of 2021 for the US$ 421 million Cavite-Batangas-Tagaytay expressway (CBTEX) project. Ministry of Public Work...
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May 04, 2021
Makati sings OsMak 2 hospital PPP concession
Makati City in the Philippines has signed a concession to complete the remaining works for the hospital ng Makati 2 (OsMak 2) with a builder, Life Nurture Inc. According to the PPP agreement, the...
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March 26, 2021
LNG carrier tender awarded for terminal in Philippines
First Gen Corp. has selected BW Gas and Hoegh for the final stage of a tender for the supply of a floating storage regasification unit (FSRU) for its liquified natural gas (LNG) import terminal in Bat...
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March 24, 2021
Four companies in for Malaya thermal power facility privatization
Power Sector Assets and Liabilities Management Corporation (PSALM) in the Philippines has received four bids in response to the privatization notice for Malaya thermal power facility. PSALM is se...
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