Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
World Bank injects $200 million for China's urban environment
+ -
15:47, June 26, 2009

Click the "PLAY" button and listen. Do you like the online audio service here?
Good, I like it
Just so so
I don't like it
No interest
 Related News
 World Bank calls Indonesia to accelerate reforms
 World Bank: Russian economy to contract 7.9% in 2009
 Dollar rises after World Bank cut world economic forecast
 World Bank expects global economy to remain "uncertain"
 World Bank: S Korea's economy to rebound fast
 Comment  Tell A Friend
 Print Format  Save Article
On June 25, 2009, the World Bank's Board of Executive Directors approved a loan to China --$200 million to support the Shanghai Urban Environment Project.

The Shanghai Urban Environment Project, the third phase of the Bank's Adaptable Program Loan (APL) started in 2003, will focus on increasing the secure provision of good quality water, reducing pollution load discharged without treatment into water sources, and facilitating sustainable investments in environmental infrastructure in suburban areas of Shanghai Municipality.

Through the first two phases, the Bank supported several key infrastructure investments and institutional and policy reforms in the water, wastewater, and solid waste sectors.

The new $200 million loan will finance the construction of infrastructure projects such as Nanhui Raw Water Conveyor and Puxi Trunk Sewer, further contributing to Shanghai's goal of building a resource-efficient and environmentally sustainable city and hosting a successful "World Expo 2010: Better City - Better Life".

"The APL program has facilitated significant institutional and sector reforms, such as establishment of the District Financing Vehicle for financing utility investments in suburban district and issuance of the first corporate bond in China in the urban wastewater sector, in addition to financing environmental infrastructure investment," said Hiroaki Suzuki, Task Team Leader and East Asia and Pacific Region Urban Sector Leader.

By People's Daily Online

  Your Message:   Most Commented:
India's unwise military moves
Veiled threat or good neighbor?
China slams Clinton's June 4 comments
13 more bodies from Air France flight 447 recovered
To Be or Not To Be-- reflourishing bicycle in China

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved