Multicountry: Joint Three-year Program Supporting Infrastructure Connectivity in the ASEAN Region

DESCRIPTION

The proposed Multilateral Cooperation Center for Development Finance (MCDF) grant will help support the implementation of a joint three-year program between the Association of Southeast Asian Nations (ASEAN) Secretariat, Asian Infrastructure Investment Bank (AIIB), and MCDF that will enhance the capacity of the ten ASEAN Member States to prepare bankable cross-border connectivity (CBC) infrastructure projects through technical advisory and training. This program is in conjunction with the updating of the Initial Rolling Priority Pipeline of ASEAN Infrastructure Projects (Rolling Priority Pipeline) under the Master Plan on ASEAN Connectivity (MPAC 2025).

The proposed grant will also contribute to AIIB’s pipeline development in the ASEAN region by identifying potential investment opportunities at the early stages, and providing dedicated upstream technical assistance for the development of high-quality project concepts focusing on CBC projects, in line with standards of international financial institutions and AIIB’s thematic priorities.

The activities to be financed by the MCDF grant will include both broad-based and project-specific capacity building activities, updating of the Rolling Priority Pipeline, and the provision of early project preparation (pre-concept) support.