The Asian Infrastructure Investment Bank (AIIB) Tuesday announced that it has approved three loans totaling 285 million U.S. dollars, bringing the bank’s total lending to over 2 billion U.S. dollars.

New loans will finance water supply projects in Indonesia and gas projects in Bangladesh.

According to AIIB, those loans will contribute to the safety of the water supply from large reservoirs in Indonesia, improve access to infrastructure finance for regional Indonesian governments, and increase operational flexibility and supply integrity of a gas transmission network in Bangladesh.

D.J. Pandian, Vice President and Chief Investment Officer of AIIB, said that the bank values the continuous cooperation with bank partners so as to provide much-needed financing for Indonesia and Bangladesh.

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