Witnessed by Denmark’s Minister for Environment, Lea Wermelin, during her official visit to Singapore, the MoU is a testament to both countries’ commitment to deliver on the United Nations Sustainable Development Goals (SDGs). The MoU combines the unique 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 catalyse private finance and support the advancement of infrastructure projects. It is expected to catalyse green financing in emerging Asian countries through deal facilitation and structuring.
“Singapore is a natural partner for Denmark in promoting sustainable infrastructure in Asia, given the city state’s strong focus on developing environmental governance and sustainable financing. I hope to see a collaboration between Danida Sustainable Infrastructure Finance (DSIF) and Infrastructure Asia contribute to catalysing green infrastructure developments in Asia, one of the fastest growing regions in the world, and to bringing Danish cleantech competencies into play,” says Ambassador of Denmark to Singapore, Dorte Bech Vizard.
“Infrastructure Asia welcomes this collaboration with Danida Sustainable Infrastructure Finance to better enable regional infrastructure development. We are happy to leverage solutions from Danida to create more bankable project opportunities, especially for Singapore-based companies as well as our international partners.”
Seth Tan, Executive Director, Infrastructure Asia.
With the formalization of this cooperation, both Infrastructure Asia, Danida Sustainable Infrastructure Finance and the Royal Danish Embassy in Singapore look forward to working together in supporting regional governments on their needs for climate-relevant, quality and sustainable infrastructure development.
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.
About Danida Sustainable Infrastructure Finance
Danida Sustainable Infrastructure Finance is a facility under the Danish Development Cooperation that provides access to finance for sustainable infrastructure in developing countries tied to transfer of technology and knowhow through Danish companies. Danida Sustainable Infrastructure Finance provides soft loans for funding of sustainable infrastructure projects in e.g. energy, water and sanitation, which cannot otherwise be financed on commercial terms in developing countries. The projects have to be sustainable and contribute to better framework conditions for sustainable growth and employment in line with the Sustainable Development Goals (SDGs).
For media enquiries, please contact:
Royal Danish Embassy in Singapore Magnus H. Mernild Head of Communications & Public Diplomacy DID: +65 9636 3819 Email: email@example.com
Infrastructure Asia Foo Xiao Xuan Business Partner Corporate Communications, Enterprise Singapore DID: +65 6433 4400 Email: firstname.lastname@example.org