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![]() JAKARTA (AFP) Dec 14, 2005 The Asian Development Bank (ADB) on Wednesday awarded Indonesia grants worth 6.6 million dollars to help rebuilding in tsunami-ravaged Aceh and boost financing for housing nationwide. Six million dollars came from the ADB-managed Japan Fund for Poverty Reduction and will go towards improving livelihoods, rehabilitating natural resources and providing earthquake-resistant housing in tsunami-hit areas, a statement said. Some 2.5 million dollars will provide technical, financial and production assistance to fishermen, farmers and other fishing community members in two districts of Aceh. Another 1.5 million dollars will help raise incomes of poor coastal communities by rehabilitating and sustainably managing 30 hectaresacres) of coral reefs and 300 hectares of mangroves damaged by the tsunami. A two-million-dollar grant will develop prototypes of earthquake-resistant housing and then build 300 units of demonstration houses. It will also seek to provide a credit line for housing loans. All three grants are to be carried out over two years in conjunction with the ADB's own 250 million-dollar tsunami aid grant for Indonesia. A separate agreement Wednesday meanwhile was for a 600,000-dollar grant from the ADB's Japan Special Fund to help Indonesias newly established Secondary Mortgage Facility (SMF) get to work by 2006. The facility is aimed at increasing the number of mortgage loans in Indonesia, where only about 20 percent of housing has been built using formal financing, despite liquidity in the banking system. All rights reserved. � 2005 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.
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