ADB Approves First Cofinancing With AIIB For A Pakistan Road Project
MANILA, PHILIPPINES - The Asian Development Bank (ADB) today approved a $100 million loan for a highway project in Pakistan that will mark its first cofinancing with the Asian Infrastructure Investment Bank (AIIB). AIIB will provide a $100 million loan subject to its board approval later this month....
Saved in:
| Published in | M2 Presswire |
|---|---|
| Format | Newsletter |
| Language | English |
| Published |
Coventry
Normans Media Ltd
13.06.2016
|
| Online Access | Get full text |
Cover
Loading…
| Summary: | MANILA, PHILIPPINES - The Asian Development Bank (ADB) today approved a $100 million loan for a highway project in Pakistan that will mark its first cofinancing with the Asian Infrastructure Investment Bank (AIIB). AIIB will provide a $100 million loan subject to its board approval later this month. The United Kingdom's Department for International Development (DFID) has also committed a $34 million grant for the project. ADB as the lead financier will administer both the AIIB loan and the DFID grant. |
|---|