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Photo Gallery

Day 1: Infrastructure Challenges in the Asia and Pacific

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Elaine Glennie, ADBI Senior Capacity Building Specialist and lead organizer of the workshop on “Strengthening Private Sector Participation and Investment in Physical Infrastructure” presides over the opening session. ADB’s Director General for Private Sector Operations Robert Bestani delivers the keynote speech of the workshop on “Strengthening Private Sector Participation and Investment in Physical Infrastructure.” Robert Bestani (extreme left, standing), ADB’s Director General for Private Sector Operations, encourages the participants of the workshop on “Strengthening Private Sector Participation and Investment in Physical Infrastructure” to make an effort to create an enabling environment so that private enterprises would be motivated to participate in governments’ infrastructural development projects, as he delivers his keynote speech. ADB’s Director General for Private Sector Operations, Robert Bestani delivers the keynote speech of the workshop on “Strengthening Private Sector Participation and Investment in Physical Infrastructure.” Here, he emphasized that the “money is there.” The most significant issue, according to Bestani, is mobilizing private sector’s enormous finances in order to support infrastructural development in the Asian region. Arvind Mayaram, Joint Secretary at India’s Ministry of Finance raises question during the plenary session for the keynote speech.
Masahiro Kawai, ADBI Dean welcomes participants to the workshop on “Strengthening Private Sector Participation and Investment in Physical Infrastructure.” Masahiro Kawai, ADBI Dean emphasizes the need to mobilize private capital to finance infrastructure projects in the midst of growing fiscal constraints and competing needs for public finances. Participants of the workshop on “Strengthening Private Sector Participation and Investment in Physical Infrastructure” listen as ADBI Dean Masahiro Kawai delivers his opening remarks. Susan Stone (center), Senior Research Fellow at ADBI speaks about the need for infrastructure to achieve development and poverty reduction during the session on “Infrastructure for Economic Growth and Development”. Also in the photo are Douglas Brooks, Senior Research Fellow and Mario Lamberte, Director of Research, ADBI. ADB’s Senior Advisor, Office of Regional Economic Integration, Masato Miyachi discusses the prospects and opportunities for Asia-Pacific bond markets and how they could be mobilized for infrastructure projects.
Members of ADBI’s Flagship Study on Infrastructure and Regional Cooperation (from right) Biswanath N. Bhattacharyay, Special Advisor and Task Manager for Flagship Study, Mario Lamberte, Director of Research, Douglas Brooks and Susan Stone, Senior Research Fellows, facilitate stakeholders consultation during the group session on the first day of the workshop. Biswanath N. Bhattacharyay, Special Advisor and Task Manager for ADBI’s Flagship Study on Infrastructure and Regional Cooperation introduces the study during the group session and stakeholders consultation on “Infrastructure for Economic Growth and Poverty Reduction- Prioritizing Country Challenges and Policy Issues and Determining the Private Sector’s Role.” Participants discuss issues related to the importance of infrastructure in developments, and the way to finance them, during the stakeholders’ consultation. Participants discuss issues related to the importance of infrastructure in developments, and the way to finance them, during the stakeholders’ consultation. Susan Stone (extreme right), Senior Research Fellow at ADBI facilitates the stakeholders’ consultation on “Infrastructure for Economic Growth and Development”.
Participants discuss issues related to the importance of infrastructure in developments, and the way to finance them, during the stakeholders’ consultation. Participants discuss issues related to the importance of infrastructure in developments, and the way to finance them, during the stakeholders’ consultation. Parag Gupta, Commissioner-cum-Secretary to the Governor of Orissa, India reports the result of his group’s stakeholder’s consultation.

Day 2: Infrastructure Investment - Addressing the Financing Gap

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Fitch Rating’s Managing Director/Head of Global Infrastructure and Project Finance Asia-Pacific William Streeter (left) talks about private sector participation in Asia and the next generation of infrastructure finance. Also in the photo is Bob Finlayson, Senior Evaluation Specialist, ADB. William Streeter, Fitch Rating’s Managing Director/Head of Global Infrastructure and Project Finance Asia-Pacific elaborates the next steps to encourage private sector participation in public infrastructure development, which include the promotion of decentralization reforms, supporting pooled finance for local governments and for Infrastructure and making an effort to enhance credit viability of project cash flows. Bob Finlayson, Senior Evaluation Specialist, ADB during the panel session on “FDI and PPPs: Experience in Asia and the Next Generation of Infrastructure Finance.” Participants at the workshop on “Strengthening Private Sector Participation and Investment in Physical Infrastructure” Participants at the workshop on “Strengthening Private Sector Participation and Investment in Physical Infrastructure”
Bob Finlayson (center), Senior Evaluation Specialist, ADB speaks during the panel session on “FDI and PPPs: Experience in China.” Also in the photo are Allan Tan (left) Senior Vice President, Lehman Brothers Asia Limited and Qimiao Fan, Lead Economist and Program Leader, Investment Climate Capacity Enhancement Program and PPPI Program, World Bank. Speakers and participants at the workshop on “Strengthening Private Sector Participation and Investment in Physical Infrastructure”, interact during the discussion session. Session on “FDI and PPPs: Experience in India” is composed of (from right, facing) Bob Finlayson, Senior Evaluation Specialist at the Asian Development Bank, Namasivayam Vedamoorthy, Executive Director of Price Waterhouse Coopers India and Nanda Kumar Srinivasan, Director and Head of Public Finance and Infrastructure, Fitch Rating India. Participants of the workshop debate “Meeting the Financing Gap – Assessing Sector Financing Strategies and Prioritizing Sector Issues and Challenges” during the group discussion. Paul Redell (second from right), Regional Program Leader for East Asia of Public-Private Infrastructure Advisory Facility (PPIAF) facilitates the group session on “Meeting the Financing Gap – Assessing Sector Financing Strategies and Prioritizing Sector Issues and Challenges”
Participants of the workshop debate “Meeting the Financing Gap – Assessing Sector Financing Strategies and Prioritizing Sector Issues and Challenges” during the group discussion. Bob Finlayson (standing), Senior Evaluation Specialist, ADB leads the group session on “Meeting the Financing Gap – Assessing Sector Financing Strategies and Prioritizing Sector Issues and Challenges.” Participants of the workshop debate “Meeting the Financing Gap – Assessing Sector Financing Strategies and Prioritizing Sector Issues and Challenges” during the group discussion. Participants of the workshop debate “Meeting the Financing Gap – Assessing Sector Financing Strategies and Prioritizing Sector Issues and Challenges” during the group discussion. Allen Tan, Senior Vice President, Lehman Brothers Asia Limited; Srinivas Sampath, Advisor and Head of Public Private Partnership Unit, Commonwealth Secretariat; and John Gillibrand Managing Director, Venture Management Group; facilitate the group session on “Meeting the Financing Gap – Assessing Sector Financing Strategies and Prioritizing Sector Issues and Challenges.”

Day 3: "Bankable Deals" - What Does It Take? and Day 4: Policy Reforms to Mitigate Constraints and Enable Acceleration of PPPs

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Alfredo Pascual, Advisor, Public Private Partnerships, ADB stresses the importance of involving the private sector when implementing road projects during his presentation on the North Luzon Expressway in the Philippines. Alain Poinard, consultant and former Project Director Asia for Suez Environment identified mechanisms on how to attract private sector participation in waste and wastewater sectors. Alain Poinard (left), consultant and former Project Director Asia for Suez Environment discussed private sector participation in waste and wastewater sectors. Also in the photo is Arthur Smith, President, National Council for Public Private Partnerships who talked about the privatization of the Manila waterworks system. Martin P. Endelman, Principal Financial Sector Specialist, ADB identified clean energy as one of the important issues in power sector development. Left to right: John Myers, Managing Director, Korgan Stanley; Arthur M. Mitchell, Senior Counselor, White & Case LLP; and Aamir Qawi, Head of Projects Department, Infrastructure Project Development, Pakistan; during the session on “Public Sector - Private Sector Forum on Infrastructure Project Bankability: Deal Makers and Deal Breakers.”
Ronaldo Corpus (center), Assistant Director, Philippines’ National Economic & Development Authority discussed issues facing the public sector during the “Public Sector - Private Sector Forum on Infrastructure Project Bankability: Deal Makers and Deal Breakers.” Also in the photo are Allan Tan and Namasivayam Vedamoorthy. Members of the private sector who participated in the “Public Sector - Private Sector Forum on Infrastructure Project Bankability: Deal Makers and Deal Breakers.” From left: Mathew Bubb, Partner, Ashurst LLP; John Myers, Managing Director, Korgan Stanley; Arthur M. Mitchell, Senior Counselor, White & Case LLP; and Aamir Qawi, Head of Projects Department, Infrastructure Project Development, Pakistan. Paul Reddel, Regional Program Leader for East Asia of the Public-Private Infrastructure Advisory Facility facilitated the “Public Sector - Private Sector Forum on Infrastructure Project Bankability: Deal Makers and Deal Breakers”. From left: Arthur M. Mitchell, Senior Counselor, White & Case LLP and Aamir Qawi, Head of Projects Department of the Infrastructure Project Development, Pakistan spoke about the importance of dialogue between public and private sectors to create enabling environments for PPPs. Participants of the workshop assessed the bankability of infrastructure projects in their respective countries while identifying critical issues and priority challenges for PPP in the sector during the group session on the third day.
Participants of the workshop assessed the bankability of infrastructure projects in their respective countries while identifying critical issues and priority challenges for PPP in the sector during the group session on the third day. Ronaldo Corpus (right), Assistant Director, Philippines’ National Economic & Development Authority shared his country’s experience on issues related to the bankability of infrastructure projects during a group session. Srinivas Sampath, Advisor and Head of Public Private Partnership Unit, Commonwealth Fund for Technical Co-operation facilitated the session “Public Sector – Private Sector Forum on Risk Sharing: Private Sector and Public Sector Roles.” He explained the cycle of risk management which includes risk identification, assessment, allocation, quantification, mitigation, monitoring and review. Participants debated risk sharing and allocation during the workshop. From left: Allen Tan, Senior Vice President, Lehman Brothers Asia Limited; Niti Wityatem, Senior Fiscal Analyst, Thai Ministry of Finance; John Gillibrand, Managing Director, Venture Management Group; and Sharmila Chavaly, Executive Director, Indian Railways From left: Ahsan Raja, Secretary of the Department of Communication and Works of Punjab, Pakistan; Arthur Smith, President, National Council for Public-Private Partnerships; Uttamo Wahyu, Assistant Deputy for Housing, Indonesian Coordinating Ministry of Economic Affairs; and Alain Poinard, Consultant and Former Project Director Asia for Suez Environment.
Sampath Srinivas (right), Advisor and Head, Public Private Partnership Unit, PPP Institutional Frameworks, Commonwealth Fund for Technical Co-operation identified public sector challenges in structuring and delivering PPPs in infrastructural projects, during the session “Strategy for Accelerating – Strengthening Policy and Regulatory Frameworks to Enable PPPs and Strengthen Governance.” Also in photo (from left) Anupam Rastogi, Principal Policy Group, Infrastructure Development Finance Company and Paul Reddel, Regional Program Leader for East Asia of the Public-Private Infrastructure Advisory Facility. Worapot Manupipatpong, Director for Capacity Building and Training, ADBI closes the three-day seminar on “Strengthening Private Sector Participation and Investment in Physical Infrastructure”.





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