This article was first published 22 years ago

India gets $300-million ADB loan

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December 20, 2002 12:23 IST

The Asian Development Bank said on Friday it would extend a $313.6-million loan to help improve India's railway system plus a technical assistance grant worth $500,000.

ADB said it would also provide over $300 million in loans and grants for Indonesia's energy sector.

The Manila-based multilateral lending agency said it would lend $140 million to help create a new competitive electricity market in Java and Bali and reduce transmission bottlenecks.

ADB also approved a $161 million loan to expand Indonesia's renewable energy generation capacity to bring more reliable and cleaner power to remote regions.

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