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Leading Asia’s Private Infrastructure Fund

Year Established


Cumulative Contributions Committed

$1.5 billion*

The Leading Asia’s Private Infrastructure Fund (LEAP) is an infrastructure cofinancing fund that leverages and complements ADB’s existing nonsovereign platform to fill financing gaps and increase access to finance for infrastructure projects in the Asia and Pacific region. It provides cofinancing to nonsovereign infrastructure projects at different stages of development, including early stage, growth stage, and greenfield and brownfield projects. The fund undertakes project finance (nonrecourse or limited recourse) and corporate finance transactions and seeks to support a range of private sector participation modalities, including public–private partnerships, joint ventures, private finance initiative projects, and privatizations, as well as conventional project finance.

In 2023, LEAP committed a total of $198 million in new projects, including for Uzbekistan’s wind power projects in Bash and Dzhankeldy. Also included was the upgrade of the Jawaharlal Nehru Port Container Terminal located in Navi Mumbai Maharashtra to enhance international trade in India through efficient, transparent, and state-of-the-art logistics infrastructure. Additionally, LEAP provided a $20 million concessional finance tranche to support the Monsoon wind farm in the Lao People’s Democratic Republic, the largest onshore wind farm in Southeast Asia, which will provide renewable power to Viet Nam.

*Represents maximum possible contribution of Japan to the fund.


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01 Mar 2023

ADB Signs Loan for First Cross-Border Wind Power Project in Asia, First Plant in the Lao PDR and Largest in Southeast Asia

ADB and Monsoon Wind Power Company Limited signed a $692.6 million nonrecourse project financing package to build a 600-megawatt wind power plant in Sekong and Attapeu provinces in the southern region of the Lao People’s Democratic Republic to export and sell power to neighboring Viet Nam.

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23 Jan 2023

ADB Signs $131 Million Loan to Support the Jawaharlal Nehru Port Container Terminal Upgrade, Enhance International Trade

ADB and Nhava Sheva Freeport Terminal Private Limited signed a $131 million loan to upgrade the Jawaharlal Nehru Port Container Terminal to enhance international trade in India through efficient, transparent, and modern logistics infrastructure. The financing package comprises $61.4 million from ADB’s ordinary capital resources and $69.6 million from the Leading Asia’s Private Infrastructure Fund.


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Modernizing Power, Empowering Women

In 2021, ADB approved the Armenia: ENA Investment Program Phase 2. The second phase will expand the coverage of phase 1 and modernize electricity distribution networks to ensure reliable electricity supply in the whole of Armenia, particularly in the provinces. ADB is providing a $20 million loan; the European Bank for Reconstruction and Development is providing $70 million in cofinancing; and LEAP, administered by ADB, is providing $15 million.

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More Hospitals for Mothers and Children

Hermina, a chain of health care institutions in Indonesia, sought ADB’s participation as an anchor investor in Hermina’s planned initial public offering in the Indonesia Stock Exchange. ADB approved the Indonesia: Maternity and Child Care Hospital Project to provide an equity investment of up to $10 million. LEAP cofinanced the project by providing an equity investment of the same value.

Project Map