|
CHINA> Regional
![]() |
|
China's Xinjiang to get $100m loan from ADB
(Xinhua)
Updated: 2009-07-01 14:19 MANILA: China's Xinjiang Uygur Autonomous Region will receive a loan of US$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 kilometers 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 dollars to China for urban infrastructure and environment projects. |
改则县| 肃宁县| 北流市| 石渠县| 南昌市| 革吉县| 尖扎县| 吴旗县| 二连浩特市| 神池县| 寻乌县| 威海市| 广德县| 台中县| 东莞市| 岢岚县| 梅州市| 沧源| 华容县| 永清县| 临城县| 安阳市| 元谋县| 伊通| 长岛县| 建水县| 迭部县| 页游| 北京市| 司法| 镶黄旗| 梁山县| 义马市| 抚远县| 满洲里市| 凤山市| 宜丰县| 通化市| 高雄市| 诸暨市| 陇西县|