China to Improve Rail Services With ADB Loan

China will be receiving up to USD1 billion from the Asian Development Bank to be used for a

in the country. The program aims to improve and expand the rail services in Guangxi, Guizhou, Sichuan, Yunnan and other underdeveloped and underserved provinces in the southwest region of China. ADB will disburse USD300 million and a concessional technical assistance package as the loan's first installment. The program will be implemented by the country's Ministry of Railways.

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    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.