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Asia-Pacific Gets $70B Boost for Power & Internet
4 May
Summary
- ADB announced a $70 billion program for energy and digital infrastructure.
- The initiative aims to strengthen power grids and boost cross-border trade.
- Expanded broadband access and reliable power are key objectives by 2035.
The Asian Development Bank (ADB) has committed $70 billion to a major infrastructure development program. This initiative targets the Asia-Pacific region, with a completion goal set for 2035.
The program's primary objectives include strengthening existing power grid links and fostering increased cross-border electricity trade. It also aims to significantly boost broadband access throughout the region.
ADB President Masato Kanda highlighted the critical role of energy and digital connectivity in sustaining long-term growth. He emphasized that linking power and digital networks across borders will reduce costs and expand opportunities for millions.
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