ADB approves loan for RI

Tue, 12 Dec 2000, 00:00 WIB | Source: DJ

JAKARTA (Dow Jones): The Asian Development Bank approved
Monday a $190 million loan for Indonesia to help the country
improve its rural road infrastructure.

The loan will help fund the Indonesian government's planned
$250 million road improvement project for the islands of Java,
Sumatra, Sulawesi and Kalimantan, the ADB said in a statement.

Jakarta will fund the balance of the project, the statement
said.

"The project will support economic recovery and contribute to
poverty reduction by selecting road sections in poor areas," the
ADB added.

Indonesia's top economics minister, Rizal Ramli, has made
infrastructure projects a major pillar of his plan to revive the
local economy.

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