ADB and JICA Establish a US$1.5 Billion Fund to Invest in Private Infrastructure
Development finance institution Asian Development Bank (ADB) and Japanese government agency Japan International Cooperation Agency (JICA) have agreed to establish a new fund to support private infrastructure investments across Asia and the Pacific. The fund, Leading Asia’s Private Infrastructure (LEAP), will be capitalized by US$1.5 billion in equity from JICA and will be managed by ADB’s Private Sector Operations Department. LEAP will target a wide range of private sector infrastructure transactions in energy and power generation; water and urban infrastructure; transportation; information and communications technology; and health.