To provide finance for projects in Asia Pacific region, the Asian Development Bank (ADB) is to set up Asia Pacific Infrastructure Fund. The Manila-based ADB said it is now looking at a Asia Pacific Infrastructure Fund for infrastructure investment in Asia-pacific region.
The Fund, once created, would pick up debt in infrastructure projects like transport, electricity, water supply and sanitation.
The idea is to make the fund attractive enough for countries in the region to join, other bilateral funding agency and developed country to make equity participation in the fund.
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