Monday, December 19, 2005

International Development: China gets World Bank loan to improve transport in Fujian Province

The World Bank has approved a $100 million loan to China to help finance transportation improvements in Fuzhou City and Nantai Island in Fujian Province, east China.

A statement by the World Bank said: "The Fuzhou Nantai Peri-Urban Development Project will assist the development of Fuzhou by financing public transport and roads to help develop peripheral areas of Nantai Island and help the city develop a strategy that promotes fiscally, socially and environmentally sustainable development of Nantai Island".