Surbana, CGIF team up to boost local-currency financing for projects

Singapore

THE use of local infrastructure currency bonds for the financing of greenfield projects in South-east Asia just got a leg up.

This has come about through a tie-up, the first of its kind in the region, between infrastructure consulting firm Surbana Jurong and currency-swap facility Credit Guarantee & Investment Facility (CGIF); the agreement was inked on Wednesday at the Global Infrastructure Initiative, a meeting of leaders in infrastructure and capital projects.

The tie-up aims to attract investors to make investments in greenfield projects using local currency bonds by marrying the engineering capabilities of Surbana Jurong with the financial strengt…