 |
| Santina Viegas Cardoso Ministra das Financas |
The agreement was signed on 4 March by Minister of Finance and ADB Governor, Santina Viegas Cardoso and ADB’s Resident Mission Country Director, Shane Rosenthal. Initial ADB financing for the project totaled more than $54 million, according to ADB.
“This project is building a new generation of climate-resilient infrastructure, boosting national connectivity and creating better access to health, education and other essential services,” said Mr. Rosenthal.
The additional financing will help fund upgrades and climate-proofing for an additional 97 kilometers of national roads under the Timor-Leste Road Network Upgrading Sector Project. The project is upgrading and climate-proofing over 170 kilometers of roads to help respond to the country’s growing volumes of passenger and cargo traffic. It complements ongoing road network improvements being supported by other development partners.
About 80% of the male and female laborers who will be taken on to do further construction work will be hired from areas around the project site. They will get safety awareness training, as well as being provided with information on HIV/AIDS prevention.
Timor-Leste’s road network includes over 1,400 km of national roads, over 860 km of district roads, and about 3,000 km of rural roads. Around 70% of the roads are judged to be in poor condition. The World Health Organization estimates that 190 lives are lost each year to road accidents so the project also includes support to develop a national road safety action plan.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members – 48 from the region.
http://finchannel.com
Monday, 07 March 2016 00:14 Written by Newseditor Published in Business
1 comentário:
Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:{urgentloan22@gmail.com} Thank you.
Enviar um comentário