In this paper, we propose a new algorithm for calculating the exact poles of the admittance matrix of RLCG interconnects. After choosing dominant poles and corresponding residues, each element of the exact admittance matrix is approximated by partial fraction. A procedure to obtain the residues that guarantee the passivity is also provided, based on experimental studies. In the procedure the residues are calculated by using the least squares method so that the partial fraction matches each element of the exact admittance matrix in the frequency-domain. From the partial fraction representation, the asymptotic equivalent circuit models which can be easily simulated with SPICE are synthesized. It is shown that an efficient model-order reduction is possible for short-length interconnects.