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AKIPRESS.COM - Board of Directors of the Asian Infrastructure Investment Bank (AIIB) approved two loans and one equity investment totaling US$324 million to support infrastructure projects in India, Georgia and Tajikistan, AIIB said in a statement.
These approvals include the Bank’s first equity investment of US$150 million, which will help to attract much needed private investment capital for infrastructure projects in India. Catalyzing private capital is broadly acknowledged as a critical component to addressing the infrastructure gap in Asia. These investments align with the Bank’s priorities to support sustainable infrastructure, improve cross-border connectivity and mobilize private capital.
"Approving our first equity investment is another milestone for the Bank and will enhance our potential to source and fund high quality, private sector projects," said D.J. Pandian, Vice President and Chief Investment Officer, AIIB. These three projects demonstrate a growing sophistication in our ability to support our member countries across different regions and sectors.
Project details are as follows: