ADB lends $357m to RI

Wed, 28 Sep 1994, 00:00 WIB | Source: REUTERS

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.

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