ADB Launches USD 70 Billion Initiative to Connect Asia’s Power Grids & Digital Networks
In May 2026, the Asian Development Bank (ADB) launched a USD 70 billion initiative to expand energy and digital infrastructure across Asia-Pacific by 2035, enhancing connectivity, power trade, broadband access, and regional resilience.
In May 2026, the Asian Development Bank (ADB) launched a USD 70 billion initiative to expand energy and digital infrastructure across Asia-Pacific by 2035, enhancing connectivity, power trade, broadband access, and regional resilience.
- It was announced during its 59th Annual Meeting held in Samarkand, Uzbekistan.
About USD 70 billion Initiative:
Initiatives: The ADB introduced two key programmes to enhance cross-border connectivity and expand access to electricity and broadband.
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- USD 50 billion Pan-Asia Power Grid Initiative
- USD 20 billion Asia-Pacific Digital Highway
Funding Model: ADB will fund at least half of the USD 70 billion from its own resources, with the rest mobilized through co-financing and private sector partnerships.
AI Innovation Centre: A Center for AI Innovation and Development will be set up in Seoul,South Korea backed by a USD 20 million contribution from the Government of the Republic of Korea, to promote responsible and inclusive AI adoption.
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