World Bank funds China infrastructure project
07 June 2012
The World Bank has approved a loan of US$ 100 million for the Gansu Qingyang Urban Infrastructure Improvement Project in China.
With a population of 2.6 million, Qingyang City is rich in oil and coal reserves and has the potential to become an important national energy base. However, its efforts have been held back by its poor urban infrastructure services, according to the World Bank.
The infrastructure improvement project will see the construction of new bypass roads and connection roads. It will also see general improvements to existing road systems within the urban area, the construction or rehabilitation of drainage and sewer mains and sewage collection pipes in the old city area, and construction of a new wastewater treatment plant, a wastewater pumping station and associated wastewater trunks and collectors.
The project is estimated to cost a total of US$ 192.35 million. US$100 million is to be financed by the World Bank loan, with counterpart funding from the local Chinese government.