BEIJING, May 9 (Xinhua) -- The Export-Import Bank of China (China Eximbank) has inked a loan agreement with the Indonesia Ministry of Finance to provide financing for phase III of the Bandung expressway project.
China Eximbank earlier has given financial support to phase I and phase II of the Bandung expressway.
The Bandung expressway project connects the Bandung and the Kertajati International Airport with a total length of 60 kilometers and is a priority project for Indonesian economy development.
When completed, the project will effectively improve transportation network in Kertajati, ease traffic congestion, facilitate the cargo and passenger transportation, as well as promote local economic and social development. (Edited by Niu Huizhe, niuhuizhe@xinhua.org)
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