ADB Offers Loan to Roads Project in Northwest China

Home>>Business

Last updated at: (Beijing Time) Friday, September 12, 2003

ADB Offers Loan to Roads Project in Northwest China

DISCUSSION

CHINESE

SEND TO FRIEND

The Asian Development Bank (ADB) approved on Thursday a 250-million-US-dollar loan for a road project to spur economic growth and reduce the cost of transport for remote hinterland communities in northwest China.

The Ningxia Hui Autonomous Region (Ningxia) Roads Development Project will finance the construction of a 182-km, four-lane toll expressway from Tongxin to Yanchuanzi in southern Ningxia and upgrade about 400 km of local roads, ADB said in a press statement.

This route will connect Yinchuan with Xi'an and Wuhan, all in west China, and provide a north-south connection between other routes in the national trunk highway system.

The loan carries a 25-year term, including a grace period of five years. Civil work is slated to start on the highway at the end of the year, to be completed in five years.

Questions?Comments? Click here

ADB Approves Grant to Help Chinese Road Development Project

ADB Aid to Improve Nutrition Planning in China

ADB Donates US$ Two Million to China to Combat SARS

When will the Immolation between the Jews and the Arabs Come to an End? ( 19 Messages)

Powell Says US-China Ties Best Since 1972 ( 10 Messages)

RMB Should Not Be Lumped Together with US General Election: Commentary ( 26 Messages)

Taiwan Huge Rally Opposes Lee Tung-hui's Split Plan ( 3 Messages)