Xinjiang to get US$100m loan

Source: Xinhua | July 2, 2009, Thursday |

Print Edition

CHINA'S Xinjiang Uygur Autonomous Region is to receive a loan of US$100 million from the Asian Development Bank for urban living improvements designed to spur sustainable growth and improve the environment, the bank announced yesterday.

The bank's board approved the loan from its ordinary capital resources for the Xinjiang Urban Transport and Environmental Improvement Project, the bank said.

"The project will generate employment opportunities and improve urban living standards and the environment for residents in the project cities, particularly for ethnic minorities and the poor," said the bank's Raushan Mamatkulov.

The loan will be used to build or upgrade more than 100 kilometers of roads; install traffic signals and other road safety systems and to construct public toilets and other public sanitation facilities.

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.

Economy

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Xinjiang to get US$100m loan

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