Help | Sitemap | Archive | Advanced Search | Mirror in USA   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
 China At a Glance
 Constitution of the PRC
 State Organs of the PRC
 CPC and State Leaders
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Thursday, March 29, 2001, updated at 10:58(GMT+8)
Business  

World Band Funds Transport Project in North China

The World Bank (WB) Wednesday approved a US$100 million loan for an urban transport project in the city of Shijiazhuang, capital of north China's Hebei Province.

The project is aimed at building an efficient and environmentally sustainable urban transport system in the city by reducing travel time and vehicle operating costs, improving road safety and reducing auto emissions, said Richard Scurfield, senior transport specialist and task manager for the project.

"With an increasing population and continued GDP growth expected, the city and surrounding areas will benefit from reduced infrastructure bottlenecks, better management of transport systems and the creation of a more efficient and livable city," Richard Scurfield noted.

The city of Shijiazhuang currently has a population of 1.5 million, and it is an important industrial and commercial center in north China with many manufacturing industries and wholesale businesses.

The total investment of the project is estimated at US$286 million, and the remaining costs will be financed by the local municipal government.

The project will finance a number of key investment projects including the city's transport development strategy, such as building new road infrastructure, introducing modern public transport facilities, and providing additional resources for road maintenance and technical assistance to strengthen urban transport facilities.







In This Section
 

The World Bank (WB) Wednesday approved a 100 million US dollar loan for an urban transport project in the city of Shijiazhuang, capital of north China's Hebei Province.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved