AIIB ap­proves loan for Andhra Pradesh

New Straits Times - - Business -

BEI­JING: China-spon­sored Asian In­fra­struc­ture In­vest­ment Bank (AIIB) yes­ter­day ap­proved US$160 mil­lion (RM691 mil­lion) loan for a power project in Andhra Pradesh, the first credit from the bank for an In­dian project, the Press Trust of In­dia re­ported. The AIIB has ap­proved the project with the ob­jec­tive to strengthen the power transmission and dis­tri­bu­tion sys­tem in Andhra Pradesh, said the in­fra­struc­ture in­vest­ment bank in a state­ment. Agen­cies

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