Finance: WB to lend China up to US$4.5b
(Xinhua)
Updated: 2006-08-18 13:32
The Chinese government plans to keep borrowing 1 billion to 1.5 billion U.S.
dollars from the Word Bank each year from 2007 to 2009, although the term of the
loans is to be shortened.
Seventy percent of the funds will be used to
finance projects related to transportation, urban construction and environmental
protection.
The remaining 30 percent would fund agriculture and energy
conservation training, said a report released by the National Development and
Reform Commission on Thursday.
(For more biz stories, please visit Industry Updates)
|
