Rediff.com« Back to articlePrint this article

India gets $300-million ADB loan

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.

Source: REUTERS
© Copyright 2025 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.