BEIJING, June 26 (Xinhua) -- The World Bank (WB) said Friday it had
approved loans totaling 500 million U.S. dollars to China to assist a railway
project and an urban environment improvement program.
Of the total, 300 million U.S. dollars is for the Nanning-Guangzhou railway
project, which aims to enhance transport capacity and reduce travel time between
the less developed southwestern region and the relatively more developed Pearl
River Delta region.
The railway that connects Nanning, capital of the Guangxi Zhuang Autonomous
Region, with Guangzhou, capital of Guangdong Province, will be able to cut the
trip between the two cities from the current 12 hours to three hours.
The loan for the project will be specifically used for a 400-kmsection of
the double-track electric rail line from Litang, Guangxi, to Zhaoqing,
Guangdong, and a 62-km four-track rail line near Guangzhou.
The remaining 200 million U.S. dollars goes to a Shanghai urban environment
project, or the third phase of the WB's Adaptable Program Loan (APL) for
Shanghai urban environment improvement, which began in 2003.
The project will focus on increasing secure supplies of good quality water,
reducing pollution discharged into water sources without treatment, and
facilitating sustainable investment in environmental infrastructure in Shanghai
suburbs.
In the first two phases, the WB invested in several key infrastructure
projects in Shanghai and helped promote institutional and policy reforms in the
sectors of water supply, sewage treatment and solid waste
disposal.