ADB approves aid for Indonesia, China, RP
ADB approves aid for Indonesia, China, RP
MANILA (AFP): The Asian Development Bank (ADB) said yesterday
it had approved grants and loans for Indonesia, China, the
Philippines, India and Kazakhstan.
A statement from the ADB headquarters in the Philippine
capital said it had approved US$2.05 million in grants to
Indonesia to improve infrastructure management and for a study of
the development of Central Sulawesi.
A statement from the ADB headquarters in the Philippine
capital, said that a $1.1-million grant would fund the
establishment of a program to improve the management of human
settlements infrastructure.
The ADB will provide $650,000 of the grant while the
government of Denmark will provide $450,000 which will be
administered by the ADB.
An ADB grant of $950,000 will fund the preparation of a
proposed $40-million Central Sulawesi Integrated Area Development
and Conservation Project.
The ADB will provide $850,000 of the grant while the rest will
be shouldered by the Indonesian government.
The bank also said it had approved a total of $2.47 million in
grants to China for a water conservancy project, to formulate
policies for the power sector and improve finance management.
The largest grant, amounting to $1 million, will go to
preparing a project to provide water supply, flood protection,
irrigation and hydroelectric power for about three million people
in Wenzhou prefecture in Zhejiang province, southeast China.
The statement said another $751,000 grant will help Beijing
develop a policy and regulatory framework for attracting foreign
direct investment to the power sector.
A separate ADB statement said another $720,000 grant will be
made to China's Provincial Power Utilities to provide these
agencies with modern accounting and financial systems.
The Philippines will receive $20 million in loans and grants
from the bank for a highland agricultural project and the
preparation of a national transport strategy.
Two loans, totaling $19 million, will help fund a project to
reduce poverty among tillers of small farms in the northern
Philippine upland provinces.
The ADB also said it had approved a $1-million grant to help
Manila prepare a national transport strategy covering all modes
of transport and links between ports, airports, railway terminals
and intercity highways.
The grant would be financed by the French government, the ADB
said.
The bank also approved a $750,000 grant to fund a study of the
development of the Indian ports of Madras and Ennore.
It also approved a $20-million loan to improve primary and
secondary education in Kazakhstan.
The amount, which is part of a $29.4 million Education
Rehabilitation and Management Improvement Project, will go to
equipment, textbooks and teacher training programs for 180
schools.
The loan will be interest free with an annual service charge
of one percent, to be repaid over 35 years.