Keppel, AIIB partner to mobilize $1.5B for APAC sustainable infrastructure

Singapore-based Keppel Ltd. has entered into a strategic five-year partnership with the Asian Infrastructure Investment Bank (AIIB) to facilitate and mobilize up to $1.5 billion in sustainable infrastructure investments across the Asia Pacific region. The collaboration aims to fund infrastructure projects developed by Keppel and invested through its private funds, focusing on green infrastructure, connectivity, and technology-enabled developments in sectors such as power transmission, renewable energy, digital infrastructure, transportation, and urban services. This partnership leverages Keppel’s expertise in managing large-scale sustainable infrastructure alongside AIIB’s financial strength and capacity to provide long-term capital via debt and equity financing. The projects will primarily target developing economies in Asia Pacific, aligning with AIIB’s 2021-2030 corporate strategy to address the significant infrastructure gap in the region driven by rapid urbanization. Both organizations view this agreement as a platform for knowledge exchange and deepening their longstanding relationship. The partnership is not expected to have a material impact on Keppel’s earnings per share or net tangible assets for the current financial year.