China Secures ADB Loan for Urban Infrastructure Development

The Asian Development Bank has approved a $120 million loan to help improve urban infrastructure in five remote counties in northwestern China.

The loan will be used for the construction and rehabilitation of roads, water management facilities, water supply facilities and heating systems in five counties in China’s Altay prefecture, which is located in the northern part of the country along its borders with Kazakhstan, Mongolia and Russia.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.