AP3F: Fostering PPPs to Support Quality Infrastructure Investment in Asia and the Pacific – EQ Mag
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AP3F works with both public and private partners though Public Private Partnerships to fill the infrastructure gap in Asia and the Pacific.
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AP3F leverages private sector innovation, efficiency and financing to support infrastructure, climate change, digitization, and other projects.
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AP3F’s Financing Partners are Australia, Canada, Japan, and recently, the Republic of Korea. AP3F welcomes contributions from other investors.
Economies in the region have started to recover after the COVID-19 pandemic, with economic recovery paving the way to build back better. To facilitate commercial activities and accelerate economic recovery, the region needs to develop more infrastructure. But the amount of required investment is overwhelming and governments alone would be unable to address this. Therefore, participation of private sector is encouraged through Public Private Partnerships, or PPPs, to fill the large infrastructure gap.
ADB’s Asia-Pacific Project Preparation Facility, or AP3F, fosters PPPs by supporting the planning and preparation of quality infrastructure projects through private sector engagements in ADB’s DMCs.
AP3F was established in 2014 as a multi-donor trust fund with contributions from the governments of Australia, Canada and Japan and top up from ADB. Most recently, the Republic of Korea made its contribution and became a financing partner.
With AP3F, government investments are leveraged with private sector innovation, efficiency and financing. AP3F has supported projects that connect urban and suburban areas, decarbonize energy, increase access to clean water, digitize public services, and much more.
Source: adb
