The Leading Asia’s Private Infrastructure Fund, or 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. It 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.
The fund has reached the end of its investment period and is now fully deployed. Transitioning to Leading Asia’s Private Infrastructure Fund 2 (LEAP 2) is now the focus.
*Represents maximum possible contribution of Japan to the fund.
Viet Nam’s Phu Yen Solar Power Plant, a successful partnership among ADB, the Japan International Cooperation Agency, and private commercial banks, delivers much-needed electricity to customers while helping Viet Nam reduce its greenhouse gas emissions and fight climate change.
With equity investments from ADB and the Leading Asia’s Private Infrastructure Fund, Hermina Hospitals now provide expanded high-quality and affordable maternity, child health care, and general hospital services across the country.
The Monsoon Wind Power Company is building a wind power plant in the Lao People’s Democratic Republic. ADB, multilateral organizations, and private sector partners are cofinancing what is poised to become Southeast Asia’s largest wind power facility.
Private sector loans from ADB, the Japan-funded Leading Asia’s Private Infrastructure Fund, and the European Bank for Reconstruction and Development will provide the required financing. A major feature of the project is the advancement of gender equality in the utility’s business operations.
Private sector partners are stepping in to assist Bangladesh in addressing its persistent power problems. Reliance Bangladesh LNG and Power Limited, through cofinancing from ADB and the Leading Asia’s Private Infrastructure Fund, is constructing a natural gas–fired power plant that will help solve the chronic energy shortage in the country.
With the launch of the Kacific1 satellite in December 2019, people in remote areas in Southeast Asia and the Pacific can now join the global online community and enjoy the benefits of internet connectivity. The satellite, owned by Singapore-based Kacific Broadband Satellites International Limited, was financed by ADB and its Leading Asia’s Private Infrastructure Fund, among other cofinanciers.
An ADB-supported private investment project─cofinanced with the Leading Asia’s Private Infrastructure Fund, Japan Bank for International Cooperation, commercial lenders, and others—will help Thailand advance to its desired high-income status by 2032 by establishing an independent power plant in its Eastern Economic Corridor. With this power plant, the economic corridor will become a hub of trade and investment and the modern gateway to the region.
A brochure on Leading Asia’s Private Infrastructure Project detailing the fund’s priorities, project eligibility criteria, product offering, eligible countries, and portfolio highlights.
