The Asian Infrastructure Investment Bank (AIIB) has approved three loans totaling US$285 million to finance water supply projects in Indonesia and improve a gas transmission network in Bangladesh.
The loans, which will bring the Beijing-based bank’s total lending to over US$2 billion, will contribute to the safety of the water supply from large reservoirs in Indonesia, improve access to infrastructure finance for regional Indonesian governments, and increase operational flexibility and supply integrity of a gas transmission network in Bangladesh, the bank said in an announcement today.
“The loans approved by our board of directors are different in their focus, but united in their efforts to leverage infrastructure spending to stimulate growth and improve the quality of life for local communities,” said D.J. Pandian, Vice President and Chief Investment Officer, AI...
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