ADB to g dvb-t tv receiver rant US$200 mln loan to China for water management
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ADB to grant US$200 mln loan to China for water managementPublished: 26 Dec 2008 01:12:05 PST
Dec. 24, 2008 (China Knowledge) - The Asian Development Bank (ADB) announced that it has agreed to extend a US$200 million loan to China in an effort to reduce pollution and improve clean water supply from Songhua River Basin (SRB), the third largest river basin in the country.
ADB said in a press release that the US$200 million loan will cover more than 50% of the overall estimated cost of US$396.3 million for the project. The remaining will be funded by water and wastewater tariffs, domestic loans from Chinese lenders, state-issued bonds, and equity capital from the local governments involved.
The project will help to improve the supply of potable water, increase wastewater treatment coverage and enhance solid waste management. About 9.4 million urban residents in the northeastern provinces of Heilongjiang and Jilin along the basin will benefit from the project.
The project will contribute a lot to the control of water pollution in the SRB and help to solve current water shortage problems in project cities, said Sangay Penjor, a specialist with ADB's Operations Evaluation Department, adding that the project will also meet the future demand for good quality treated water.
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