|
BIZCHINA> Top Biz News
![]() |
|
China's Xinjiang to get $100m loan from ADB
(Xinhua)
Updated: 2009-07-01 17:32 China's Xinjiang Uygur Autonomous Region will receive a loan of $100 million from the Asian Development Bank (ADB) for urban living improvements designed to spur sustainable growth and improve the environment, ADB announced Wednesday. The ADB Board of Directors approved the loan from its ordinary capital resources for the Xinjiang Urban Transport and Environmental Improvement Project, the bank said in a statement.
The loan will be used to build or upgrade over 100 km of roads; to install traffic signals and other road safety systems and to construct public toilets and other sanitation facilities, the statement said. The project complements other ADB-financed initiatives to improve urban infrastructure in Xinjiang, and supports the China's own drive to spur economic development and environmental improvements in the west of the country, it said. Xinjiang, which shares borders with eight countries and provides a gateway between China and Central Asia, has 46 minority groups, which make up over 60 percent of its population. It also has some of China's highest poverty rates and has lagged coastal regions in benefiting from the country's economic boom. Poor urban infrastructure has deterred investment, degraded the environment and limited growth opportunities, especially in the promising tourism sector. Since 1992, ADB has provided more than 39 loans worth nearly $4.9 billion to China for urban infrastructure and environment projects. (For more biz stories, please visit Industries)
|
主站蜘蛛池模板: 浏阳市| 张家港市| 尼玛县| 清河县| 博野县| 松桃| 平安县| 崇左市| 拜泉县| 白银市| 白城市| 东城区| 徐州市| 呼玛县| 博客| 连南| 天门市| 宁津县| 汾西县| 万全县| 贺州市| 滨州市| 扶绥县| 庆城县| 渑池县| 疏勒县| 龙井市| 阳信县| 涪陵区| 甘孜| 古蔺县| 平阳县| 张家界市| 兴宁市| 南投县| 宝兴县| 龙山县| 合水县| 忻城县| 黄石市| 宜州市| 娄烦县| 西丰县| 江门市| 池州市| 来凤县| 长垣县| 手游| 阿拉善盟| 沛县| 忻州市| 河北省| 平果县| 仙居县| 宜川县| 会宁县| 芦溪县| 曲阳县| 龙江县| 临桂县| 天峨县| 闽侯县| 公安县| 常宁市| 镇坪县| 清涧县| 竹北市| 丰宁| 上林县| 江西省| 辽阳市| 盐城市| 阿克苏市| 册亨县| 竹山县| 陇南市| 耿马| 潜山县| 达州市| 承德市| 喀什市| 罗甸县|