📋 Tender Overview
The Asian Development Bank ADB signed a 40 million loan with Tiger Infrastructure Philippines Inc. Tiger Infrastructure to build 380 telecommunications towers in the Mindanao and Visayas regions of the Philippines. This infrastructure will enable mobile network operators to provide a full range of mobile and data services to consumers. The financing comprises 25 million from ADBs ordinary capital resources and a 15 million loan from the Leading Asias Private Infrastructure Fund administered by ADB.Telecommunication towers support one or more wireless telecommunication antennae. The project will support common tower sharing which will allow multiple mobile network operators to lease the same location while Tiger Infrastructure will be responsible for construction land leasing operation and maintenance. All telecommunication equipment installed on the towers will belong to the tenants.Digital connectivitys impact in helping to achieve Sustainable Development Goals cannot be understated especially in areas like education health care financing and payments said ADBs Private Sector Operations Department Director General Suzanne Gaboury. This project will improve access to the digital economy in the underserved regions of Visayas and Mindanao and have a tangible impact on the quality of life for local communities.The Philippines has only 164 towers per 1 million people or about 27000 telecom towers as of 2021 one of the lowest coverage rates in the region. The Government of the Philippines estimates that an additional 60000 towers are needed by 2031 in unserved and underserved areas.We are honored to receive this support and endorsement from ADB. Together we share a vision of supporting Philippines development through mobile network connectivity and digital transformation said Tiger Infrastructure Group Executive Chairman Simon Skouboe. We are confident that by working with ADB Tiger can strengthen our digital infrastructure portfolio as we continue to respond to demand for reliable mobile network connectivity in Asia.Tiger Infrastructure is jointly owned by Cell Tower Services Pte. Ltd CTSP and Daily Life Renewable Energy Pte. Ltd DLRE both incorporated in Singapore. CTSP is well established in the telecommunications towers business with projects around the world while DLRE is involved in customized design engineering procurement construction installation and commissioning services for renewable energy systems across Asia and the Pacific.LEAP is an ADB-managed fund capitalized with a 1.5 billion commitment by the Japan International Cooperation Agency. Established in 2016 LEAP is focused on the delivery of high-quality and sustainable private sector infrastructure projects that reduce carbon emissions improve energy efficiency and offer accessible and affordable health care education and communication services to ADBs developing members.ADB is committed to achieving a prosperous inclusive resilient and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty. Established in 1966 it is owned by 68 members49 from the region.
