Belgian aid for RI

Belgian aid for RI

JAKARTA (JP): Belgium yesterday extended a Bfr 200 million
(US$6.4 million) interest-free loan to Indonesia to help finance
the purchase of railway equipment and the development of four
diesel-fueled electrical plants in eastern provinces.

The loan, which will mature in 20 years including a grace
period of 10 years, was finalized in a signing ceremony here
yesterday by Belgian Minister for Foreign Trade Robert Urbain and
Indonesian Foreign Minister Ali Alatas.

The loan will be used to finance the construction of four
power plants in Poso and Luwuk, both in Central Sulawesi, Soasiu
in Maluku and Ende in East Nusa Tenggara, each with a generation
capacity of one megawatt.

Apart from the power plants, the loan will also be used to
purchase railway turnout equipment with electronic signaling for
the Cirebon-Yogya and Bandung-Kroya routes.(mds)