VIDEO from Asian Development Bank Available on thenewsmarket.com: ADB Provides $340 Million to Complete Afghan Ring Road

NEW YORK, Jan. 20, 2011 /PRNewswire/ -- See video from Asian Development Bank at:

http://www.thenewsmarket.com/Releases/StoryDetailPage.aspx?GUID=96f15dec-46d2-473e-8346-04087d75b21f

The Asian Development Bank (ADB) and Afghanistan's Minister of Finance on Tuesday signed two agreements totaling more than $340 million that will lead to the completion of Afghanistan's vital Ring Road and to improvements in the power sector. The agreements were signed in Kabul by Minister of Finance Omar Zakhilwal and Robert Rinker, ADB's Afghanistan Country Director. A $340 million ADB grant will fund construction of 233 km of road connecting the towns of Qaisar, Bala Murghab, and Laman in northwestern Afghanistan. The road is the last section of a 2,700 km Ring Road that will connect Afghanistan's major cities. The grant comes in addition to the $450 million ADB has already committed or spent on the Ring Road, and brings ADB's total assistance to Afghanistan's roads, railways and airports to more than $1.07 billion. Available material includes an edited package.

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Story Id: 21319

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