Treasury Minister Patrick Pruaitch signed the deal with the Asian Development Bank’s Country Director Marcelo Minc on Thursday October 6, 2016.
The loan is part of the ongoing US$400 million (K1, 196.17m) multi-tranche financing facility road program that was approved since 2008.
These programs will address 2,500km of major national, provincial and some district roads and improve the capacity of National Roads Authority (NRA) and Department of Works to deliver quality road infrastructure.