ASEAN green infrastructure gets $1 billion boost
A $1 billion finance facility to support investment in ‘green’ infrastructure across southeast Asia was announced last week in Thailand.
The new facility aims to serve as a spur for private capital and will provide loans and necessary technical assistance for sovereign sustainable transport, clean energy, and resilient water systems among other green infrastructure projects, according to a statement issued by the Asian Development Bank (ADB), which has launched the initiative in partnership with the association of southeast asian nations (ASEAN) and major financiers.
Funding for the new initiative will include $75 million from the ASEAN infrastructure fund (AIF), $300 million from ADB, €300 million ($336 million) from KfW, €150 million ($169m ) from the European Investment Bank and €150 million ($169m) from Agence Française de Développement.
