ISDB approves US$ 450 million development loans
By Sarah Ann McCay17 February 2013
The Islamic Development Bank (ISDB) has approved financing worth US$ 450.8 million for new development projects in member countries as well as Muslim communities in non-member countries.
Construction projects approved for financing include US$ 125 million for the development of the Qukës-Qafë Plloçë Section of the Tirana-Korca Road Corridor in Albania, and US$ 20 million for construction of the Sukuta-Jambangelly Road Project in the Gambia.
Other developments to receive funding from the ISDB include the SADARA Petrochemical project in Saudi Arabia (US$ 120 million) and the SANIMAS Community Based Sanitation Project in 46 cities in Indonesia (US$ 100 million).
Other major approvals included US$ 36 million for outdoor lighting for Tashkent, Uzbekistan.
