Details

Funding

Project Description

The Facility will finance a pool of green projects sponsored by local governments through ring fenced and special purpose vehicles with mandatory green (e.g. carbon reduction plus land, water, and air pollution indicators) and financial bankability (e.g. financial internal rate of return, debt service coverage ratio) indicators; conditional on PIC leverage ratios; and cross-sector: (i) water and sanitation, including drainage and sponge cities; (ii) urban transport, including electric vehicles and public transport; (iii) waste management, including waste to energy and hazardous waste; (iv) environment, including forestry and land remediation. The program could also support ADB PRC flagship programs, particularly "Yangtze River Economic Belt Framework," "Low Carbon City," and the "Belt and Road" initiative by leveraging sovereign funding.

Progress (as of March 2021)

Contacts

News and Multimedia

The ASEAN Infrastructure Fund has launched an “Inclusive Finance Facility” to provide concessional financing for critical infrastructure in three countries in the Greater Mekong Subregion or #GMS—#Cambodia, the #LaoPDR, and #Myanmar.
Source: GMS Facebook Page