The Asian Development Bank (ADB) on Monday launched operations of a trust fund that is to help prepare, structure, and place bankable PPP projects in Asia Pacific.
The multi-donor trust fund, named the Asia-Pacific Project Preparation Facility (AP3F), will be managed by the ADB’s Office of Public–Private Partnership (OPPP).
It has raised approximately USD 73m so far, including commitments from the governments of Japan (USD 40m) Canada (CAD 20m) and Australia (AUD 10m). ADB will also contribute USD 10m.
The head of the OPPP, Ryuichi Kaga (pictured) told InfraAsia that the ADB is targeting USD 100m to USD 150m at this stage and “there are potential donor countries considering their future participation.”
...for more information and test subscription of InfraAsia, please contact Asia Infrastructure Corporation.
