WB approves loans to support sustainable development in China's rural areas

20:29, June 11, 2010      

Email | Print | Subscribe | Comments | Forum 

The World Bank (WB) has approved loans of 250 million U.S. dollars to support sustainable development in poor rural areas and to improve urban transport in China, the bank's China office said Friday.

The WB will give 100 million U.S. dollars to the Sustainable Development in Poor Rural Areas Project, to be run in Chongqing municipality and provinces of Henan and Shaanxi.

The loan is supplemented by a grant of 4.265 million U.S. dollars from the Global Environment Facility to improve sustainable land resource management and climate change adaptation in the three regions.

This is the fifth direct poverty reduction project supported by the World Bank in China over the last 15 years.

The other 150 million U.S. dollars from the WB will be used to help improve urban transport and road safety in Taiyuan, capital of Shanxi Province.

The loan will be part of a total investment of 330 million U.S. dollars in the project.

Source: Xinhua


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion