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16:12 May 03, 2026
ISLAMABAD: The Asian Development Bank (ADB) announced on Sunday a $70 billion initiative on Sunday to expand energy and digital infrastructure across the Asia-Pacific region by 2035, aiming to strengthen power grid links, boost cross-border electricity trade and increase broadband access. The plan includes $50bn for a new Pan‑Asia Power Grid Initiative and $20bn for the Asia-Pacific Digital Highway project. At the inaugural session of its May 3-6 annual meeting in Samarkand, the Manila-based lending agency said it “will back $70bn in new energy and digital infrastructure initiatives by 2035, aiming to connect power grids, expand cross-border electricity trade, and improve broadband access across Asia and the Pacific”. “Energy and digital access will define the region’s future,” said ADB President Masato Kanda. “These two initiatives build the systems Asia and the Pacific need to grow, compete, and connect. By linking power grids and digital networks across borders, we can lower costs, expand opportunity, an...