MEDIA CENTRE

Themed Sustainable Infrastructure: Transforming Asia’s Journey, AIF 2024 is co-organised by Infrastructure Asia, together with Ministry of Finance, Enterprise Singapore, and the Monetary Authority of Singapore, featuring the World Bank as the strategic partner. Over 1,000 participants attended the two-day event from 4 to 5 June 2024.

Private-Public collaboration is key to meet regional infrastructure needs

Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and National Development of Singapore delivered the keynote address on the first day, where she highlighted Southeast Asia’s US$300 billion green economic opportunity  and called for increased partnership between the private and public sector to help realise the benefits of the green economy. Minister Indranee also emphasised the importance of embracing new innovations to improve the viability of sustainable infrastructure projects in the region.

Southeast Asia needs to invest US$120 billion annually through 2030 for sustainable and climate-resilient infrastructure.  As investment demands for infrastructure continue to soar, closer collaboration between public agencies and private organisations will be key to bring infrastructure projects to fruition.

Since its inception, Infrastructure Asia has facilitated more than US$4 billion of infrastructure projects in the region. This includes three market sounding exercises in 2023 for renewable energy and transport projects based in the Philippines. These projects have since been successfully awarded or will be awarded in the next few months. 

To further drive such collaborations, Infrastructure Asia announced that it will deepen relations with regional government agencies through four Memorandums of Understanding (MoUs). The MoUs signify the strong partnership between Infrastructure Asia and the Department of Transportation and Public-Private Partnership Center of the Philippines, as well as the Indonesia Infrastructure Guarantee Fund (IIGF) and PT Sarana Multi Infrastruktur (Persero) in Indonesia. The MoUs focus on project structuring and development in sectors of mutual interest such as energy, water and wastewater management, transportation, and climate financing. They also aim to increase collaboration in capacity building initiatives, project advisory and facilitation.

“PT SMI is always open to share our best practices and explore opportunities for collaboration in addressing the challenges we are currently facing. Time is ticking, so we need to act faster to create more strategic and robust partnerships that are necessary for a better and greener future”, said Sylvi J. Gani, Financing and Investment Director of PT SMI.

At AIF 2024, project discussions covered a wide range of sectors including renewable energy, circular waste and water management, transport and logistics, as well as social infrastructure. 

Renewable Energy
• Floating Solar PV Power Plants in West and Central Java, Indonesia
• Solar PV Power Plants in Bangabandhu Sheikh Mujib Shilpa Nagar Complex, Bangladesh
• Tra Vinh Green Hydrogen/Ammonia Manufacturing project, Vietnam

Circular Waste and Water Management
• Bulk Water Supply Project, Bislig City, Philippines
• Water Supply in West Java and Denpasar City, Indonesia 
• Wastewater Treatment & Solid Waste Improvement Projects, Cambodia 
• Waste Management in Manggar District, Balikpapan City, Indonesia

Transport and Logistics
• Waterway Ports, Cambodia
• International Container Terminal in Cebu, Philippines
• Metro Manila Subway, Philippines
• Cebu Bus Rapid Transit, Philippines

“The private sector wants to invest in financially viable infrastructure projects with the right risk-return profile. However, they may not have visibility into the scope and scale of such projects in Asia. Infrastructure Asia bridges this gap by spotlighting these projects through platforms such as AIF. We will also continue to engage in discussions regionally and in Singapore with our partners to develop and materialise more bankable sustainable infrastructure projects,” said Lavan Thiru, Executive Director, Infrastructure Asia.  

Building bridges: Empowering women in the infrastructure sector

Infrastructure Asia is proud to support the Women’s Infrastructure Network’s (WIN) first Chapter in Asia – WIN Singapore which was launched at AIF 2024. WIN Singapore will provide an inclusive platform to better access networking and mentorship opportunities and empower women of all levels in the infrastructure industry to become leaders in their own fields. WIN Singapore advisors include: 

• Audra Low, CEO & Executive Director, Clifford Capital
• Christine Wong, Assistant CEO, Industry Cluster Group, JTC Corporation
• Julia M. Fraser, Director, Singapore Office, World Bank
• Lynn Tho, Partner, Infrastructure Advisory Leader, ASEAN, Ernst & Young
• Pritha Hariram, Head, Water Infrastructure & Climate Adaptation, APAC, Ramboll Singapore

“As infrastructure demands continue to grow across Asia, the Singapore Chapter provides an important community for women in the infrastructure industry, enabling meaningful networks, connections and perspectives to help shape more diverse and inclusive careers in the sector” said Lynn Tho, Partner, Infrastructure Advisory Leader, ASEAN, Ernst & Young

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For media enquiries, please reach out to:
Niki Sim I niki_sim@infrastructureasia.org I +65 9176 2595
Fatin Nadia I fatin.nadia@teamlewis.com I +65 9789 0094


About Infrastructure Asia
Infrastructure Asia aims to support Asia’s social and economic growth through infrastructure development. Infrastructure Asia was established by Enterprise Singapore and Monetary Authority of Singapore 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 catalyse more trade and investments into infrastructure in the region.

Visit our website for more information.


About Women Infrastructure Network (WIN)
WIN is a dedicated platform to advancing and empowering women in the infrastructure sector. It aims to enhance the representation and influence of women in shaping the future of global infrastructure development. WIN is a global network operating in the USA, Canada, New Zealand, Australia, and the United Kingdom.