ADB, Timor-Leste Sign $78 Million Financing to Upgrade National Road Network
Timor-Leste, Dec. 15 -- The Asian Development Bank (ADB) and the Government of Timor-Leste have signed a $75 million loan and a $3 million grant agreements to rehabilitate a vital segment of the national road network connecting the country's eastern region to the southern coast. The financing will boost road connectivity and trade while fostering local participation in resilience building. The grant, provided under the ADB Community Resilience Partnership Program, is financed by the Agence Francaise de Developpement, the Government of Ireland, the Green Climate Fund, the Nordic Development Fund, and the Government of the United Kingdom. It will help villages along the road corridor that are vulnerable to extreme weather events co-lead the d...
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