Insights InfraCo Asia

Special Update

InfraCo Asia signs South Asia and South East Asia Developer Services Agreements

Dear ,

InfraCo Asia Development Pte. Ltd. (IAD) is pleased to announce that it has signed Developer Services Agreements with Equicap Asia Private Limited (Equicap) for its South Asia Developer Services Program and with Infunde Development Private Limited (Infunde) for its South East Asia Developer Services Program.

IAD held a signing ceremony in its Singapore office on Thursday 21 April. View the full media release here.

EXPANDING IAD'S DEVELOPER SERVICES MODEL

Following the conclusion of the competitive tender process that was first advertised on 24 August 2015, InfraCo Asia selected Equicap and Infunde as the preferred tenderers to provide (pre-financial close) project origination, financing and infrastructure development services.

InfraCo Asia CEO, Allard Nooy, said the organisation was pleased with the level of interest and quality of tenders received. There were over 60 respondents during the expression of interest phase.

"The tender process was very competitive. The successful bidders have been awarded five year exclusive contracts and will be working on a diverse portfolio of projects going forward," Mr Nooy said.

“InfraCo Asia is looking forward to working closely with these two new developer teams. Based on their tender submissions and the experience of individual members from both teams, we have very high expectations of Infunde and Equicap to  originate, structure and deliver on the pipeline of projects in our focus sectors,” Mr Nooy said.

L-R: Infunde's Eric Miller and Mason Wallick (Managing Director) sign the South East Asia Developer Services Program Agreement with InfraCo Asia's Clive Turton (Non-Executive Director & Procurement Committee Chair) and Allard Nooy (CEO)

IAD Board Member and Procurement Committee Chair, Clive Turton, said there was a broad spectrum of interest in the tender process.

“It was not an easy choice to make, we had an extremely high calibre of candidates with strong track records of closing deals,” Mr Turton said.

“I’d like to thank the procurement committee for their very hard work throughout this rigorous process. We look forward to taking sustainable infrastructure projects forward in regions where they are much needed.”

DEVELOPER TEAMS UNDERSTAND REGIONAL CHALLENGES & OPPORTUNITIES

Equicap is headquartered in Singapore, with presence in New Delhi, Nepal, Bangladesh and Pakistan, and Infunde Development is headquartered in Singapore, with local presence in Cambodia, Indonesia, Laos, the Philippines and Vietnam. Each team has a strong track record in Asia’s infrastructure and energy sector, and a keen understanding of the challenges associated with early-stage, high risk development projects. 

L-R: Infunde's Wilfredo Bacareza, Eric Miller and Mason Wallick with InfraCo Asia's Allard Nooy, Clive Turton and Equicap's Shakti Dhar

Equicap: South Asia

“We are excited to be part of the InfraCo Asia Developer Services Program and look forward to supporting InfraCo Asia in its objective to develop sustainable, socially responsible and commercially viable infrastructure projects in South Asia," Equicap’s co-founder and Managing Director, Vivek Gupta, said.

L-R: Equicap's Shakti Dhar (co-founder) with Vivek Gupta (co-founder and Managing Director) and InfraCo Asia's Clive Turton and Allard Nooy.

“Equicap offers a breadth as well as depth of understanding of the infrastructure landscape and business requirements in the South Asia region, alongside hands-on project development experience across the region. We understand the requirement for expert development skills during the early stages of a project. Equicap is in a strong position to help drive this growth phase for InfraCo Asia," he said.

“The South Asia region holds many development opportunities, but a key issue is expertise, which is vital alongside capital. The expertise applied through this partnership with InfraCo Asia is an excellent bridge to attract capital to early stage infrastructure projects, which is essential to future growth.

"We aim to create a long lasting positive impact on the environment and society through this association.”

Infunde: South East Asia

“We are delighted to be selected as part of InfraCo Asia’s South East Asia Developer Services Program, particularly noting InfraCo Asia’s established track-record and continued commitment to fund early-stage developments in the region,” Managing Director of Infunde, Mason Wallick, said.

"Drawing on a multi-disciplinary team of recognised industry leaders that have developed a multitude of infrastructure investments in South East Asia, we believe our strong regional experience is ideally suited to support InfraCo Asia's growth initiatives and to enhance private sector participation." Mr Wallick said.

L-R: Infunde's Wilfredo Bacareza, Eric Miller and Mason Wallick with InfraCo Asia's Clive Turton and Allard Nooy.

"Noting a significant gap in infrastructure delivery throughout South East Asia, Infunde looks forward to partnering with InfraCo Asia to advance a strong portfolio of early-stage projects that are commercially viable and will deliver meaningful benefits for poorer communities," he said.

“Infunde has capacity across all the sub sectors under InfraCo Asia’s mandate, and we have a strong portfolio in the context of what InfraCo Asia wants to focus on, including renewables, transport and agriculture.

“InfraCo Asia plays a unique and crucial role in bridging the substantial infrastructure gap in Southeast Asia through investing in early stage infrastructure development opportunities.  We look forward to a partnership whereby we can together catalyse new infrastructure developments in the region, drawing on Infunde’s development expertise." Mr Wallick said.

OPPORTUNITIES

InfraCo Asia’s key expertise is in early stage infrastructure projects. We are interested in projects located in Indonesia, the Mekong region and South Asia more broadly, that may be ideal candidates for InfraCo Asia’s co-development program. We welcome enquiries - info@infracoasia.com +65 6823 6860

If you would like to find out more about collaboration and partnership opportunities with InfraCo Asia, please get in touch: info@infracoasia.com. 

About InfraCo Asia

InfraCo Asia www.infracoasia.com is a commercially managed infrastructure development and investment company headquartered in Singapore. It aims to stimulate greater private sector investment in infrastructure in Bangladesh, Bhutan, Cambodia, India, Indonesia, Laos, Myanmar, Nepal, Pakistan, Sri Lanka, the Philippines and Vietnam. InfraCo Asia develops and funds early stage, high-risk infrastructure development activities, taking an equity stake in socially responsible and commercially sustainable projects.

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InfraCo Asia Development Pte. Ltd.

Level 18 Republic Plaza II
9 Raffles Place, Singapore 048619
T:  + 65 6823 6860   E: info@infracoasia.com

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