EIB available to finance construction of infrastructure in Timor-Leste

19 September 2014

The European Investment Bank (EIB) intends to finance infrastructure construction in Timor-Leste (East Timor), particularly of roads, the Ministry of Public Works said Thursday in a statement issued in Dili.

EIB representative Adam Bruun expressed the bank’s intention at a meeting with the Timorese Minister of Public Works, Gaston de Sousa.

“The European Investment Bank will work together with the Asian Development Bank to finance infrastructure projects in Timor-Leste,” the statement said.

The government of Timor-Leste plans soon to start rebuilding the road connecting Baucau to Lospalos and Viqueque, with support from the Asian Development Bank. (macauhub/TL)