Singapore’s Infrastructure Asia and Denmark’s Danida Sustainable Infrastructure Finance signed a Memorandum of Understanding (MOU) on 26 February 2020 to boost the financing of sustainable infrastructure. With this MoU, Singapore and Denmark deepen their ties to enhance international collaboration and exchange best practices to structure green development projects in the region.
Infrastructure Asia was established by Enterprise Singapore and the Monetary Authority of Singapore in October 2018 to support infrastructure financing and development in the region. It does so through early project scoping, best practice sharing and brokering, harnessing Singapore’s best-in-class infrastructure ecosystem (international developers, engineering and professional services, along with financial institutions and multilateral development entities). It also works with global players in the regional infrastructure ecosystem and leverages the collective capabilities and networks of various government agencies to catalyze more trade and investments into infrastructure in the region.
Danida Sustainable Infrastructure Finance is a facility under the Danish Development Cooperation that provides access to finance in the form of soft loans for sustainable infrastructure in developing countries tied to transfer of technology and knowhow through Danish companies.
The MOU combines the funding mechanisms of development projects offered by Danida, with the experience and reach of Infrastructure Asia in the region and will promote blended financing to catalyze private finance and support the advancement of infrastructure projects. It is expected to catalyze green financing in emerging Asian countries through deal facilitation and structuring. It is expected to catalyze green financing in emerging Asian countries through deal facilitation and structuring.
(Source: Infrastructure Asia)