EDC and Plenary Asia Pacific announce US$650 million partnership to advance Canadian export trade
Market Leader Partnership will strengthen Canada’s participation in the global infrastructure supply chain across major Asia-Pacific markets.
Ottawa, Ontario – Export Development Canada (EDC) is Canada’s export credit agency. EDC and Plenary Asia Pacific have signed a Market Leader Partnership Memorandum of Understanding valued at US$650 million (approximately CA$890 million) at EDC’s office in Singapore. The Memorandum of Understanding is intended to strengthen cooperation and support growth of Canadian export trade in key markets worldwide, including Asia-Pacific, across priority sectors such as infrastructure.
“The signing of the Market Leader Partnership Memorandum of Understanding with Plenary Asia Pacific reflects a shared commitment to deepen international cooperation and unlock new opportunities for Canadian exporters and investors. The partnership will help drive sustainable economic growth, create jobs, and position our country as a competitive and reliable global infrastructure investment destination,” said the Honourable Maninder Sidhu, Minister of International Trade.
The three-year Memorandum of Understanding establishes a framework under which EDC and Plenary Asia Pacific will jointly promote mutually beneficial trade and investment opportunities. The partnership outlines shared objectives and each party’s commitments, as well as how they will cooperate to facilitate access to strategic networks, share knowledge and market insights, and explore financing solutions aligned with EDC’s mandate.
Under the Memorandum of Understanding, EDC has allocated up to US$650 million in funding assistance for eligible Plenary Asia Pacific projects over the term of the agreement, subject to EDC’s policy and risk requirements. The partnership with international market leaders such as Plenary Asia Pacific is designed to help Canadian companies participate in large-scale international projects and strengthen Canada’s presence in major markets around the world.
“At the signing, the three-year term aligns with our focus on expanding Canadian participation in global infrastructure markets,” said Alison Nankivell, President and CEO of Export Development Canada. “The agreement aligns closely with EDC’s strategy to work with international partners like Plenary Asia Pacific, which operates across priority sectors. Through Market Leader Partnership, we support trade outcomes and long-term investment results by helping Canadian companies integrate into the global infrastructure supply chain and compete in complex projects in the Asia-Pacific region and around the world. This collaboration aims to turn strong relationships into real export growth and long-term economic impact.”
“We welcome the latest vote of confidence from EDC and the long-term partnership with them as we execute infrastructure projects in the Indo-Pacific region,” said Chi-Ling Looi, CEO of Plenary Asia. “Plenary Asia has led Indo-Pacific discussions to promote the importance of private investment in infrastructure that attracts international capital, and we hope to support the delivery of social and economic infrastructure the region will need in due course.”
The Memorandum of Understanding relates to Plenary Asia Pacific’s operations in Asia-Pacific and does not apply to Plenary Americas, which is separately owned and operated and responsible for Plenary’s operations in Canada, the United States, and Latin America.
About Plenary Asia Pacific
Plenary Asia Pacific is an independent infrastructure and real assets developer, investor, and manager, specialising in public-private partnerships, regional development, and community infrastructure. Founded in Australia in 2004, Plenary Asia Pacific has grown into a leading developer, financier, and manager in its markets, with offices in Australia and Singapore actively pursuing expansion and a range of projects in the Indo-Pacific. https://plenary.com/apac
About EDC
Export Development Canada (EDC) is a Crown corporation that helps Canadian companies succeed at home and abroad. EDC provides the financial products and knowledge required for Canadian firms to enter new markets with confidence, reduce financial risk, and grow their business as they transition from local to global. Together with Canadian companies, EDC builds a more prosperous, resilient, and sustainable economy for all Canadians. For more information and to learn how we can help your business, call 1-800-229-0575 or visit www.edc.ca.
Media contacts: Export Development Canada, 1-888-222-4065, media@edc.ca; Plenary Group media contact: Chris Whitefield, Executive Director, Communications and Community, +61 418 530 806, chris.whitefield@plenary.com
SOURCE Export Development Canada