Mizuho signs MoU with Asian Development Bank
(11 May 2015 – Japan) Mizuho Bank Ltd has signed a memorandum of understanding (MoU) on Co-Advisory Services with the Asian Development Bank (ADB) on 3 May for the development of infrastructure projects in Asia and the Pacific.
The Co-Advisory Services is a new initiative led by the ADB with participation by commercial banks to mobilise resources in the private sector to accelerate the development of infrastructure projects.
ADB and the commercial banks together provide advisory services for the governments in Asia and the Pacific based on their respective expertise and transactional experience in infrastructure financing.
Accordingly, the governments will be advised to develop the infrastructure projects in a bankable manner which would attract financing from the private sector.
Mizhuo, as one among the eight Co-Advisors, joins forces with the ADB to contribute to the successful development of infrastructure projects in Asia and Pacific.
Based on its rich and broad range of experience in project finance, MHBK will be involved in vast aspects of the project development, right from early stages of the project life cycle, provision of advice on the bidding process to assessment of optimal financing plan.
Investment in infrastructure projects is much needed by developing countries in Asia and the Pacific for sustainable economic growth and to counter the imbalance in the region.
It is estimated by the ADB that the total investment around US$8 trillion (A$10.1 trillion) for the infrastructure development is required between 2010 and 2020 in the region.
Given ever-increasing investment demand in the infrastructure space, the private sector is encouraged to play an important role in financing infrastructure assets.