Investment in infrastructure will be an Asia Development Bank’s priority under Strategy 2030, including enhanced support for infrastructure projects that incorporate advanced technologies. “Asia will need USD 1.7 trillion per year in investments in power, transport, telecommunications, and water through 2030. More investments in infrastructure are needed to support continued growth in Asia and the Pacific and combat climate change,” Asian Development Bank (ADB) President Takehiko Nakao said at the 50th Annual Meeting of ADB’s Board of Governors.
Investment in infrastructure, he said, will remain a priority for ADB as the bank prepares a new long-term strategy to respond to rapid regional changes.
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