Agricultural Development Bank lends 15.5 bln yuan to water facilities in H1

09:32, July 27, 2011      

Email | Print | Subscribe | Comments | Forum 

The Agricultural Development Bank of China said Tuesday that it lent 15.5 billion yuan (2.41 billion U.S. dollars) for water facilities construction in the first half of this year.

The amount was higher than that of the same period of previous years, the bank said, expecting the full-year amount to exceed 30 billion yuan.

The bank said it is negotiating with the Ministry of Water Resources to sign a strategic cooperation contract in this area, aiming to establish a long-term cooperation mechanism to back the government's plan to improve water facilities.

The lender plans to lend 30 to 40 billion yuan every year for water facilities construction during the five years to 2015, according to the bank.

  Weekly review  


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Beijing drenched in downpour
  • Pakistani FM arrives in India
  • 58th anniversary of assault on Moncada held in Cuba
  • Life in Olso back to normal after bomb blast
  • Gaint panda Xinxin celebrates 3-year-old birthday in Macao
Hot Forum Discussion