Home / Top News Tools: Save | Print | E-mail | Most Read | Comment
US$ 82 mln loan for Taihu water improvement
Adjust font size:

China Development Bank (CDB) offered a 580 million yuan (82.85 million U.S. dollars) loan on Friday for the water quality improvement of the Taihu Lake in east China.

Friday's offer brings CDB's total loans for the same purpose to 6.4 billion yuan since 2002.

The new loan will be used in projects to improve water environment in areas near the Taihu Lake, the country's third largest freshwater lake that will contribute to the clean-up of Taihu.

Nutrient runoffs and other pollutants caused blue-green algae bloom in Taihu last summer, which rendered tap water undrinkable for about 10 days for more than 1 million people in Wuxi City, Jiangsu Province.

The Chinese government has set a timetable for pollution control of the country's major lakes, aiming to curbing the pollution aggravation by 2010 and restoring them to their original state by 2030.

As one of the country's three policy banks, the CDB has provided more than 86.2 billion yuan in loans for pollution control and environmental protection projects by the end of this March.

The policy bank was recently approved by the State Council, the Cabinet, to undergo shareholding transformation and turn itself into a commercial bank. The total assets of CDB stood at 2.83 trillion yuan by the end of 2007.

(Xinhua News Agency May 10, 2008)

Tools: Save | Print | E-mail | Most Read
Pet Name
China Archives
Related >>
- Jiangsu vows to clean up Taihu Lake
- Blue-green algae appears in Taihu Lake again
- Pollution in Taihu Lake to be rooted out in 10 years
Most Viewed >>
- Acrobats exercise for the Olympic Games
- Stars support China's digital films
- Megan Fox: FHM's sexiest woman
- China sends new relief materials to Myanmar
- Death toll from HFMD outbreak rises to 34

Product Directory
China Search
Country Search
Hot Buys