www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Economy

Markets

Industries

Insights

Reports

Events

WB lends $500m to China to expand rail, improve environment

(Xinhua)
Updated: 2009-06-26 17:00

The World Bank (WB) said Friday it had approved loans totaling $500 million to China to assist a railway project and an urban environment improvement program.

Of the total, $300 million is for the Nanning-Guangzhou railway project, which aims to enhance transport capacity and reduce travel time between the less developed southwestern region and the relatively more developed Pearl River Delta region.

The railway that connects Nanning, capital of the Guangxi Zhuang autonomous region, with Guangzhou, capital of Guangdong province, will be able to cut the trip between the two cities from the current 12 hours to three hours.

Related readings:  World Bank vice president shows optimism on China's economy  tWB to lend $80m for clean coal  Expansion of China rail service to accelerate economic growth: analysts  China: Economic plan won't compromise environment

The loan for the project will be specifically used for a 400-km section of the double-track electric rail line from Litang, Guangxi, to Zhaoqing, Guangdong, and a 62-km four-track rail line near Guangzhou.

The remaining $200 million goes to a Shanghai urban environment project, or the third phase of the WB's Adaptable Program Loan (APL) for Shanghai urban environment improvement, which began in 2003.

The project will focus on increasing secure supplies of good quality water, reducing pollution discharged into water sources without treatment, and facilitating sustainable investment in environmental infrastructure in Shanghai suburbs.

In the first two phases, the WB invested in several key infrastructure projects in Shanghai and helped promote institutional and policy reforms in the sectors of water supply, sewage treatment and solid waste disposal.