On the sidelines of its 10th Annual Meeting in Beijing, the Asian Infrastructure Investment Bank (AIIB) has signed a partnership agreement with Keppel Ltd., through its fund management and investment platforms, to facilitate and mobilize up to USD1.5 billion in sustainable infrastructure investments across Asia-Pacific.
The partnership aims to identify and invest in infrastructure projects developed by Keppel and invested through its private funds that focus on advancing green infrastructure, enhancing regional connectivity and supporting technology-enabled solutions.
“Keppel is a valued partner with a strong track record in infrastructure,” said Rajat Misra, Acting Chief Investment Officer (Region 1) & Financial Institutions and Funds (Global) Clients, AIIB. “This agreement reflects AIIB’s continued commitment to partnering with leading institutions to finance infrastructure that is green, technology-enabled and regionally connected. We look forward to expanding our collaboration to support resilient and forward-looking infrastructure across Asia-Pacific.”
Target sectors include renewable energy, power transmission and distribution, digital infrastructure, transport and urban services. The partnership will leverage Keppel’s experience in developing and managing large-scale infrastructure assets and AIIB’s capacity to provide long-term capital through both debt and equity financing instruments.
“Despite increasing investments in green infrastructure and connectivity, a significant infrastructure gap persists across Asia Pacific, driven by the urgent demands of a growing and rapidly urbanizing population,” said Christina Tan, Chief Executive Officer of Fund Management, and Chief Investment Officer, Keppel. “We are pleased to build on our longstanding relationship with AIIB, a valued partner who has invested with Keppel across multiple fund strategies and asset classes, to address the burgeoning needs. By combining AIIB’s financial strength with Keppel’s proven track record of developing, operating and managing large-scale infrastructure, this strategic partnership positions us to accelerate Asia Pacific’s transition towards a more sustainable future.”
The initial term of the agreement extends through December 2030 and aligns with AIIB’s Corporate Strategy for 2021–2030. In addition to mobilizing capital for sustainable infrastructure, the partnership aims to strengthen institutional collaboration and knowledge sharing between AIIB and Keppel.
The partnership is aligned with AIIB’s core thematic priorities of green infrastructure, technology-enabled infrastructure and private capital mobilization. By working alongside trusted partners such as Keppel, AIIB continues to leverage private sector expertise and investment to scale sustainable solutions that contribute to climate resilience, economic inclusion and long-term regional development.
About AIIB
The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “infrastructure for tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 110 approved members worldwide, is capitalized at USD100 billion, and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest in infrastructure and other productive sectors that foster sustainable economic development and enhance regional connectivity.
About Keppel
Keppel Ltd. (SGX:BN4) is a global asset manager and operator with strong expertise in sustainability-related solutions spanning infrastructure, real estate and connectivity. Headquartered in Singapore, Keppel operates in over 20 countries and provides essential services in renewable energy, clean power, sustainable urban renewal and digital connectivity. Keppel creates value for investors and stakeholders through its quality investment platforms and diverse asset portfolios, including private funds and listed real estate and business trusts.
