TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsKKR, GIP lead $25 billion regional infrastructure tie-up, US says
Investment opportunities numbering 69 "sustainable infrastructure" projects were identified at an IPEF Investor Forum, Singapore's trade ministry, which organized the forum
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
US Commerce Secretary Gina Raimondo speaks during the daily press briefing at the White House on September 06, 2022 in Washington, DC. (AFP/Kevin Dietsch/Getty Images)
K
KR, Global Infrastructure Partners (GIP) and the Indo-Pacific Partnership for Prosperity have formed a coalition to invest $25 billion in infrastructure in the Indo-Pacific region, US Commerce Secretary Gina Raimondo said on Thursday.
Raimondo, speaking in Singapore, said investment would include green data centers in Indonesia, renewable energy in the Philippines and smart meters and hybrid renewables in India.
"Coalition members [of the Indo-Pacific Economic Framework] will help facilitate the identification, promotion, and development of successful infrastructure projects across the region," the three organizations said in a joint statement.
The coalition will initially focus on scaled infrastructure investment across the energy, transportation, water and waste, and digital sectors, they said in the statement.
Private equity firms KKR and GIP will co-chair the initiative, while global investors including BlackRock, GIC, Rockefeller Foundation and Temasek will be a part of the coalition, the statement showed.
Raimondo said over $23 billion of investment opportunities had been identified by the Indo-Pacific Economic Framework (IPEF).
Investment opportunities numbering 69 "sustainable infrastructure" projects were identified at an IPEF Investor Forum, Singapore's trade ministry, which organized the forum, said on Thursday.
