The Asian Development Bank (ADB) yesterday created a new office to provide governments with independent advice on shaping public-private partnerships (PPPs), a key conduit for greater infrastructure investment in developing Asia.
ADB’s PPP transaction advisory service will ensure that ADB’s client countries are able to bring to market bankable transactions. ADB has successfully provided PPP transaction advice on several infrastructure projects.
Among them is the cross-border Turkmenistan-Afghanistan-Pakistan-India gas pipeline.
The new ADB office will provide advice on project marketing, deal structuring, bid packaging, and strategy so that governments are able to complete their transactions and achieve financial close. The advice will not be tied to any ADB lending and would be provided on a fee basis.
