CHENGDU, Oct. 26 (Xinhua) -- The World Bank and the French Development
Agency (AFD) will loan China more than 900 million U.S. dollars for
reconstruction of areas devastated by the May 12 earth.
Officials from the two organizations made the announcement Sunday at the
ongoing EU-Sichuan Investment and Cooperation Conference in Chendu, capital of
southwestern Sichuan Province, which was hardest-hit by the 8.0-magnitude quake.
The World Bank planned to provide an emergency recovery loan of710 million
U.S. dollars. Part of the money, 510 million dollars, will be allocated to
Sichuan. Another 200 million will go to the neighboring Gansu Province, said Ede
Ljjasz, sustainable development manager in charge of the China and Mongolia
sector.
The loans, expected to get board approval from the World Bank in December,
are designed to facilitate the construction of roads, bridges, water supply
pipelines, hospitals and child health care facilities.
AFD will loan China 200 million U.S. dollars which will be used to help
construct urban infrastructure and rural houses, said Martha Stein-Sochas, the
Asian affairs division head.
China estimated the total cost for its three-year reconstruction plan to be
147 billion U.S. dollars.