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ADB approves 500-mln-USD loan to India

MANILA, Dec. 11 (Xinhua) — The Asian Development Bank (ADB) on Wednesday approved a 500-million-U.S. dollar loan to boost India’s environmentally sustainable infrastructure.

The ADB loan, with a sovereign guarantee, to India Infrastructure Finance Company Limited (IIFCL) is expected to advance sustainable infrastructure development in the country.

The loan vows to help IIFCL provide long-term capital for