Indonesian Political, Business & Finance News

ADB opens new office in Medan

| Source: JP

ADB opens new office in Medan

MEDAN, North Sumatra: The Asian Development Bank (ADB) opened
a new office in Medan on Wednesday as part of its efforts to
support humanitarian projects in Aceh and Nias.

ADB country director David J. Green said on Wednesday the new
office was expected to be able to expedite ADB humanitarian
projects in the two areas affected by the tsunami and earthquake.

The ADB was currently managing grants provided by the United
Kingdom, Canada and the Netherlands governments, Green said. The
amount of grants totaled over US$400, which would be channeled
for reconstruction, water sanitation, education and other
projects in Aceh and Nias island.

External relations officer Ayun Sundari said the projects
would be completed by June 30, 2008. -- JP

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