ADB lends $ 105 million to China for infrastructure
The Asian Development Bank (ADB) will lend 105 million dollars to China to improve infrastructure in the northwest Xinjiang Uygur Autonomous Region, the Manila based lender said on Friday.
By Agencies |
MANILA: The Asian Development Bank (ADB) will lend 105 million dollars to China to improve infrastructure in the northwest Xinjiang Uygur Autonomous Region, the Manila based lender said on Friday.
The loan will focus on construction and rehabilation of road networks and urban services in Alashankou, a major trade and transport hub on the border with Kazakhstan, the Kanas region, a scenic tourist destination and Yining City, the ADB said in a statement.
"We aim to strengthen cross-border trade, tourism development, and economic growth in order to raise living standards while protecting the environment of the poorest and most remote parts of the country," ADB urban development specialist Amy Leung was quoted as saying.
The ADB also said it had forged a new "country strategy partnership" with China for 2008-2010 which puts emphasis on energy effciency, environmental protection, economic growth and development regional cooperation.
The loan will focus on construction and rehabilation of road networks and urban services in Alashankou, a major trade and transport hub on the border with Kazakhstan, the Kanas region, a scenic tourist destination and Yining City, the ADB said in a statement.
"We aim to strengthen cross-border trade, tourism development, and economic growth in order to raise living standards while protecting the environment of the poorest and most remote parts of the country," ADB urban development specialist Amy Leung was quoted as saying.
The ADB also said it had forged a new "country strategy partnership" with China for 2008-2010 which puts emphasis on energy effciency, environmental protection, economic growth and development regional cooperation.
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