Beijing, December 11, 2017
AIIB invests in nationwide fiber broadband network in Oman
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved up to US$239.2-million in senior debt to develop communications infrastructure that will help Oman shift its economy away from a reliance on the export of hydrocarbons.
AIIB’s loan for the construction and operation of the first phase of a nationwide fiber broadband network–the Oman Broadband Company’s Oman Broadband Infrastructure Project–will reinforce the foundation of the country’s National Broadband Strategy, which is focused on building communications infrastructure accessible to telecommunication companies and wholesale users.
“This non-sovereign debt investment is a great example of AIIB’s increasing capacity to independently structure financing in innovative ways,” said AIIB Vice President and Chief Investment Officer D.J. Pandian. “In addition, the loan will be partially syndicated and will demonstrate AIIB’s ability to introduce private investors to new markets and new project types to support the development of vital national infrastructure. Not only will the new broadband infrastructure support local families and businesses, we’re confident it will increase Oman’s attractiveness as a designation for manufacturing businesses and strategic logistics services.”
AIIB’s investment will support phase one of the project which will focus on Muscat and other urban areas. Phase one will see the rollout of fiber optical broadband cable to approximately 406,000 residences and businesses by the end of 2021. Upon completion of phase one, 80% of Muscat will be fiber-ready for connection with gigabit-capable optical networks.
This is AIIB’s first stand-alone non-sovereign-backed limited recourse financing that involves mobilization of private capital through syndication.
Additional information and the project’s Environmental and Social Management Plan can be found at https://www.aiib.org.
Beijing, China, October 11, 2019
AIIB International Advisory Panel Gains 2 New Members
The Asian Infrastructure Investment Bank’s (AIIB) International Advisory Panel (IAP) has gained two new members.READ MORE
Beijing, China, September 23, 2019
MDBs Unite to Raise Annual Global Climate Finance to USD175B by 2025
Nine multilateral development banks (MDBs) announced plans to increase global climate action investments they support each year to USD175 billion by 2025, based on a statement at the UN Secretary-General’s Climate Action Summit in New York.READ MORE
London and Beijing, September 10, 2019
AIIB and Amundi Launch Innovative USD 500-Million Climate Bond Portfolio to Mobilize Climate Action
The Asian Infrastructure Investment Bank (AIIB) and Amundi, Europe’s largest asset manager, have announced a USD500-million Asia Climate Bond Portfolio which aims to accelerate climate action in the Bank’s members and address the underdevelopment of the climate bond market.READ MORE