Go-ahead for 2 loans
Source: Xinhua |
May 15, 2010, Saturday
|
Print Edition
Print Edition
THE World Bank yesterday announced it had approved two loans totaling US$350 million to help China enhance food safety and improve roads in the country's northwest.
A food safety project in northeast China's Jilin Province, one of the country's major agricultural provinces, would receive US$100 million to help improve agricultural product quality and reduce food safety risks.
The loan will fund up to 70 percent of the total spending of the project, the first food safety project that the World Bank has supported in China and also the largest food safety project ever financed by the bank.
The other US$250 million will finance a highway project in the Ningxia Hui Autonomous Region, accounting for more than 44 percent of the total project cost of US$573.68 million.
A food safety project in northeast China's Jilin Province, one of the country's major agricultural provinces, would receive US$100 million to help improve agricultural product quality and reduce food safety risks.
The loan will fund up to 70 percent of the total spending of the project, the first food safety project that the World Bank has supported in China and also the largest food safety project ever financed by the bank.
The other US$250 million will finance a highway project in the Ningxia Hui Autonomous Region, accounting for more than 44 percent of the total project cost of US$573.68 million.
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