Infrastructure Asia launched an online portal that connects government, developers, and financiers . The portal seeks to foster greater regional collaboration and provides greater visibility to the project opportunities in Asias dynamic growth area of sustainable infrastructure .
From Singapores Second Minister for Finance Indranee Rajah last week, an infrastructure project online portal that connects government, developers, and financiers was launched by Infrastructure Asia, a group set up by Singapores Central Bank and the Monetary Authority of Singapore (MAS), who said that the portal seeks to foster greater regional collaboration and provides greater visibility to the project opportunities in Asia's dynamic growth area of sustainable infrastructure.A look at the 11 infrastructure projects currently listed on the portal shows that there are There are seven water and sanitation projects being undertaken by the government, two of which are in the area of logistics, and two of which are rail transport projects.Indonesia leads the list of proposals with five, Cambodia and the Philippines have two, and Vietnam and India have one.Infrastructure Asia said that Singapore, which has an established ecosystem of private sector firms such as developers, engineering firms, procurement firms, procurement firms, construction firms, technical service providers, financial firms, and multilateral development banks working with public sector departments, is in a unique position to serve Asia's infrastructure needs and unlock the region's infrastructure potential.The newly launched project portal aims to showcase regional infrastructure projects and will enable public and private sector stakeholders to collaborate with each other to develop these initiatives.Project owners can list the project requirements on the website, and interested parties, such as solution providers or financiers, can see the project's value, owner, and developers.Thiru said that Infrastructure Asia would select projects to list on the portal based on whether they are marginally financially feasible and are located in areas in which Singapore or Singapore-based companies have expertise.Minister Indranee said that to achieve the Paris Agreement of limiting global warming to 1.5 degrees Celsius, the United Nations Climate Action Plan (AAP) requires fundamentally rethinking infrastructure planning, building, and operating.
There is a lot we can do to decarbonize our existing infrastructure stock, including by improving energy and resource efficiency in the built environment.Improvements in brownfield assets may require modest investments, but could lead to substantial improvements in decarbonization, according to the International Finance Corporation (IFC) in Asia.This would be equivalent to eliminating almost 200 million internal combustion engine vehicles from the road, which is about 15 percent of the global car population.By 2030, it is predicted that USD2 trillion would be required to achieve resilient infrastructure in Southeast Asia. By 2030, Singapore will be issuance of up to SGD35 billion (USD25.3 billion) of green bonds, and the Philippines and India have also announced that their governments will issue their own green bonds.According to bankers interviewed by Business Times Singapore (BT), financing must also be economically viable.Sustainable infrastructure cash flows must have the ability to repay long-term loans, according to Yulanda Chung, head of sustainability, institutional banking group at DBS.BT said that regulatory certainty and commercial contract structures are needed to address these challenges. We believe that having a framework to outline a rigorous governance process on how the money raised will be used and clearly state the green standards will help banks finance more resilient infrastructure projects.