Japan loans US$70 million to East Timor to build road between Dili and Baucau

22 March 2012

The Japanese government has provided East Timor with a loan of US$70 million to build a road between the capital, Dili and the city of Baucau as part of the official visit by East Timor’s Prime Minister, Xanana Gusmão, the Timorese government said Wednesday in Dili.

In a statement, the government also said that during his visit to Tokyo, Gusmão had met with his Japanese counterpart, Yoshihiko Noda, who confirmed Japan’s support for East Timor to become a member of the Association of South East Asian Nations (ASEAN).

At the end of the meeting, the two prime ministers attending the signing of a contract for the loan to fund the 118 kilometre road between Dili and Baucau, to the east of the Timor capital.

The loan is a “long-term loan with low interest rates provided by Japan in order to allow the East Timor government to move ahead with the project for vital infrastructure identified in the Strategic Development Plan, specifically improvement of National Road 1,” the statement said. (macauhub)