Indonesia to receive over $252M in tsunami aid from Australia

The Australian government has committed $252.8 million in emergency relief aid to tsunami-ravaged Indonesia. The funds will be aimed at reconstructing the country’s roads and major highways, which were destroyed by a massive tsunami that swept through the region last 2004. According to Foreign affairs minister Alexander Downer, Australia and Indonesia have sealed a pact for a $252.8 million interest-free loan to upgrade and rehabilitate nearly 1,000 kilometers of roads. Mr. Downer later added that Indonesia can pay back the Australian government for a period of over forty years without any interest, fees, or charges.

Source: Aust pledges $300m tsunami aid to Indonesia (ABC News)

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