IDB ready to finance fish port project in w Sulawesi

Mamuju, W Sulawesi (ANTARA News) - The Islamic Development Bank (IDB) is ready to provide Rp405 billion in loans to help build a fish port in West Sulawesi province this year, an official said.

West Sulawesi Governor Anwar Adnan Saleh said on Friday the bank assured him of its readiness to help finance the project after the local government consulted the international financial institution.

The IDB would not help finance the project without counterpart funding. Therefore, part of the funds would originate from the 2011 state budget funds allocated to the Marine Affairs and Fisheries Ministry, he said.

"With the IDB funding, the West Sulawesi government will no longer have difficulties carrying out the project which will cost a sizable amount of funds. I also do hope the central government will provide counterpart funding to get the project realized," he said. (*)