| Project Detail |
The loan will support the development, construction, and operations of up to 380 telecommunications towers focused on the Mindanao and Visayas islands in the Philippines._ADB will provide long-term fixed rate project financing on a portfolio-based approach.
Project Name Tiger Digital Infrastructure for Rural Connectivity Project
Project Number 56189-001
Borrower / Company Tiger Infrastructure Philippines Inc.
Country / Economy Philippines
Location Mindanao, Visayas
Type or Modality of Assistance
4257 Loan Ordinary capital resources USD 20.00 million Approved
4258 Loan Ordinary capital resources USD 5.00 million Approved
8430 Loan Leading Asias Private Infrastructure Fund (LEAP) USD 15.00 million Approved
Strategic Agendas Inclusive economic growth
Drivers of Change Partnerships
Private sector development
Sector / Subsector
Information and communication technology / ICT infrastructure
Gender Equity and Mainstreaming Some gender elements
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 2
Responsible ADB Officer Bhattacharya, Aditi
Project Sponsor(s)
Description The loan will support the development, construction, and operations of up to 380 telecommunications towers focused on the Mindanao and Visayas islands in the Philippines._ADB will provide long-term fixed rate project financing on a portfolio-based approach.
Objectives and Scope The project involves the development, construction, operations, and maintenance of up to 380 ground mounted towers that are essential in enabling mobile network operators to provide a full range of mobile and data services in the Philippines. Majority of the towers will be in the Mindanao and Visayas regions, helping expand affordable telecommunication services in underserved areas of the Philippines and accelerate economic recovery from the coronavirus disease pandemic.
Linkage to Country/Regional Strategy
The project is consistent with ADBs Strategy 2030, (i) promoting quality infrastructure investments and enhancing connectivity in the region; and (ii) expanding private sector operations to reach one-third of ADB operations in number by 2024._Further, the project supports 3 operational priorities: (i) addressing remaining poverty and reducing inequalities; (ii) accelerating progress in gender equality; and (iii) promoting rural development. .
The Project addresses a critical connectivity gap in infrastructure development in the Philippines. Access to the digital economy is one of driving forces for inclusive growth in remote underserved regions as it promotes the mobility of the population from less productive sectors to better economic opportunities and improves the productivity of many sectors. |
