Subject: LUSA: Asian Development Bank set to invest in infrastructures


East Timor: Asian Development Bank set to invest in infrastructures

The Asian Development Bank (ADB) aims to invest in East Timor by building infrastructures in the areas of education and transport, says the bank`s vice-president.

John Lintjer told Lusa Tuesday that the ADB wanted to build infrastructures from scratch, but this could only happen when the half-island nation becomes a member of the organization in a few weeks.

Lintjer was speaking in Paris at an international forum on Asia, organized in conjunction with the Organization for Economic Cooperation and Development and chaired by former Portuguese finance minister Jorge Braga de Macedo.

The Manila-based ADB currently manages four projects in the new nation, worth about USD 52 million and financed by the World Bank`s Trust Fund for East Timor.

CJB/BM -Lusa-

Back to July menu

World Leaders Contact List
Human Rights Violations in East Timor
Main Postings Menu

Note: For those who would like to fax "the powers that be" - CallCenter is a Native 32-bit Voice Telephony software application integrated with fax and data communications... and it's free of charge! Download from