This initiative was also mentioned by Minister Lawrence Wong in his opening address this morning at the 2021 Ecosperity Conference (refer to link below, 12:58). In line with our mission to provide innovative and sustainable long term financing solutions to complement mainstream markets, CCH is uniquely positioned to contribute to the infrastructure financing landscape and to support sustainable new development and initiatives.” – Clive Kerner, Group Chief Executive Officer of CCH “Sustainable infrastructure financing is a key theme for us across our platforms and we are delighted to play a supporting role in this exciting initiative. In the first phase, the platform seeks to establish a “proof of concept” through the financing of up to four projects over a 18-24 month period. In addition, CCH will provide a comprehensive suite of ongoing middle- and back-office support when the platform is fully operational. The platform will leverage CCH’s networks, expertise and experience to set-up the platform prior to launch. The vision of this platform is to build a pipeline of projects to scale and dispense over US$1 billion of loans within five years, with a meaningful portion targeting marginally bankable sustainable infrastructure projects. Clifford Capital Holdings (“CCH”) will, together with the Asian Development Bank, act as a strategic partner to a new sustainable infrastructure debt financing platform to be established by HSBC and Temasek.
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