RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
ADB Offers US$300 Mln Loans to Road Project
Adjust font size:

The Asian Development Bank (ADB) is giving a loan of US$300 million to fund development of a road network in southwest China's Guangxi Zhuang Autonomous Region.

 

The Western Guangxi Roads Development Project, which will link the region and nearby Vietnam, is estimated to cost 1.57 billion U.S. dollars and be completed in more than five years.

 

Xiaohong Yang, senior financial analyst of ADB's East Asia Department, said the project would benefit 2.3 million people, 80 percent of them from ethnic minorities and 30 percent living on less than one dollar a day, particularly in the border area.

 

The project will involve construction of a 177-kilometer expressway; upgrading of 1,060 kilometers of local and border roads; improvement of transport services through construction of 50 township bus stations and implementation of passenger bus route licensing reforms.

 

Yang said the Project constituted part of a key transport corridor in the Greater Mekong Subregion (GMS), contributing to improved infrastructure connections between China and Vietnam.

 

(Xinhua News Agency August 18, 2007)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- ADB Joins Road Network Development in Guangxi
- ADB Offers US$200 Mln Loan for Road Project in SW China
- China Pledges Well Prepared ADB Annual Meetings
- ADB Offers Funding Assistance for Central China Environment Project
Most Viewed >>
-Commercial banks allowed to access futures market
-WB cuts China's 2008 GDP growth to 9.6%
-Economic policy needs 'rethink'
-Coal reserves at China power plants up
-Macao's gaming market expands further

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP证 040089号