ADB approves loan to RP

ADB approves loan to RP

MANILA (AFP): The Asian Development Bank (ADB) said yesterday that it had approved a US$17.5-million loan to fund a rural infrastructure development project in the southern Philippines.

The project is aimed at improving production and removing growth constraints in the provinces of Zamboanga del Sur and Zamboanga del Norte through the construction of new infrastructure and improvement of agricultural support services, the Manila-based ADB said in a statement.

Under the project, 200 kilometers (124 miles) of farm-to- market roads will be upgraded and 1,120 hectares (2,766 acres) of land rehabilitated, while 18 agricultural warehouses will be constructed.

Various agricultural extension services will also be strengthened and cooperatives organized, the ADB added.