The partnership will cover projects across developing economies in the Asia Pacific region, with an initial period of five years ending in December 2030. It will also be a platform for both parties to foster knowledge and best practices sharing.
Keppel says that the strategic partnership agreement is not expected to have any material impact on its earnings per share or net tangible assets per share for the current financial year.
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 urbanising population, says CEO, Fund Management and CIO Keppel Christina Tan.
“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,” she adds.
Shares in Keppel closed flat at $7.40 on June 25.
