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Moving from Strategies to Bankable and Climate-Resilient Investment Projects

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ADB-CDIA, through its Capacity Development Specialist Kathleen Jovellanos, participated as a resource person for the deep dive masterclass on screening and prioritizing high-impact projects held virtually on 18 January 2024.

It was organized by the Smart and Green ASEAN Cities (SGAC) Programme of FMDV-Global Fund for Cities Development, the United Nations Capital Development Fund, and the ASEAN Secretariat.

With Southeast Asia regarded as an attractive market for green and smart city investments, the training event was aimed at introducing green investment planning and project screening, and identifying smart green projects with the potential to attract external financing.

Kathleen shared CDIA’s experience on how cities can move from strategies to bankable and climate-resilient investment projects, highlighting the importance of systematic prioritization and programming to ensure objective decision-making in selecting projects.

She then introduced the city infrastructure investment prioritization and programming (CIIPP), a tool that CDIA has used as a first step to generate a shortlist of infrastructure projects ready for presentation to financiers.

Following the three-hour webinar, Kathleen also had the opportunity to provide one-on-one tailored coaching with each participating city on 7-12 February 2024 to guide them in enhancing the quality of their projects and prepare them for the financing stage.

The training session was attended by officials from the ASEAN cities of Banyuwangi (Indonesia), Siem Reap (Cambodia), Sihanoukville (Cambodia), Calapan (Philippines), and Luang Prabang (Lao PDR). They are part of a cohort of cities with project ideas but require capacity-building support in identifying and formulating the most suitable pilot projects for potential SGAC support.

Two more sessions are expected to be delivered in the next two months. One is for the cohort of cities already with projects but require capacity building and feasibility studies to evaluate their viability and business potential, and the other one is for those with projects that are eligible/nearly eligible for seed capital grants that support the scaling up of smart green city pilot projects.

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