Surbana Jurong and China’s Silk Road Fund entered into a framework agreement to implement the China-Singapore Co-Investment Platform that will focus primarily on greenfield infrastructure projects in Southeast Asia.

The Partners expect to invest about $681.02m (US$500m) over the next few years, with each partner investing (in principle) equal amounts in the projects.

Investments of the platform could take various forms, including equity and debt.

This Partnership was initiated and facilitated by Infrastructure Asia, a regional infrastructure project facilitation office under the Singapore government.

Surbana Jurong, which will invest through its investment arm, Surbana Jurong Capital, will leverage its familiarity with local markets through having offices in Belt and Road Initiative (BRI) Countries and recommend projects to the platform, and both partners will then jointly assess the suitability of the projects for investment.