ADB lends $357m to RI

ADB lends $357m to RI

MANILA (Reuter): The Asian Development Bank (ADB) said yesterday it had approved US$357 million in loans to set up a power project and improve vocational and technical education in Indonesia.

The Manila-based bank said in a statement that $272 million would be used to improve power supplies on the island of Sumatra and to develop hydropower in East Timor and South Kalimantan.

A separate $85 million loan is designed to make Indonesia's vocational and technical educational system more efficient and cost effective, it said.