- $375-m ADB loans for road, port projects may be in dock
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13/05/1998
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Economic Times (New Delhi)
Asian Development bank (ADB)-funded soft loans worth $375 million currently under negotiation for many road and port projects may be in jeopardy with Japan, the largest donor to the bank, imposing economic sanctions against India. However, ADB being a multilateral agency, Japan will have to carry other partners along for the sanctions to come into effect.