The project will also be supported by the Asian Development Bank with $250 million, the Asian Infrastructure Investment Bank (AIIB) with $250 million and the Organisation of the Petroleum Exporting Countries (OPEC) Fund for International Development with $100 million.
It is the first time the EDCF and the AIIB have provided joint financing to an economic project in developing countries, according to a news agency report from South Korea.
South Korea launched the EDCF programme in 1987 to help other developing countries with their basic infrastructure.
ALCHEMPro News Desk (DS)
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