ADB to help finance $70 bn worth of projects to improve electricity-sharing, internet access across APAC

Samarkand, Uzbekistan: The Asian Development Bank (ADB) will support $70 billion in new energy and digital infrastructure projects aimed at connecting power grids, expanding cross-border electricity transmission, and improving broadband access throughout the Asia-Pacific region by 2035, according to its president, Masato Kanda.

“These two initiatives build the systems Asia and the Pacific need to grow, compete, and connect,” Kanda told reporters on Sunday. “By linking power grids and digital networks across borders, we can lower costs, expand opportunity, and bring reliable power and digital access to hundreds of millions of people.”