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Singapore and Denmark sign MoU to finance sustainable infrastructure in Asia

26.02.2020  06:09

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 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,” says 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.