The Asia Pacific Project Preparation Facility

The Asia Pacific Project Preparation Facility (AP3F) is a multi-donor trust fund that provides additional financial resources and technical support for the preparation of infrastructure projects in developing member countries in order to increase infrastructure development and enhance the quality of infrastructure in Asia and the Pacific.

The AP3F was approved by the Asian Development Bank (ADB) in November 2014 and began operations in January 2016. It is being managed by the ADB's Office of Markets Development and Public−Private Partnership (OMDP), and is currently funded by the governments of Japan, Canada, Australia and Korea.

Governance Structure

The AP3F Facility Program Council (FPC) comprises representatives from the ADB and the Financing Partners. The FPC oversees the implementation of AP3F. Members of the FPC meet annually to review progress, administrative matters, and strategic direction of AP3F.

The AP3F Steering Committee is composed of Directors General of ADB’s Regional Departments and the Private Sector Operations Department (or their PPP Focal designates), the PPP Focal from a non-operational department, and Head of OMDP. The Committee convenes to consider and approve applications for AP3F support which have undergone interdepartmental review process and endorsed by the AP3F Facility Manager.

The AP3F Facility Manager is the Director of OMDP's Special Initiatives and Funds Division. S/he manages AP3F, processes and administers all related technical assistance. The AP3F Facility Manager is supported by the AP3F Coordination Team and, where necessary, dedicated consultants who possess technical and fund administrative expertise.